Steve
Premium Member
Registered: 30th Mar 02
Location: Worcestershire Drives: Defender
User status: Offline
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http://www.expressandstar.com/business/midlands-business/2013/09/19/24-lose-jobs-as-wolverhampton-motorsport-firm-collapses/
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Christopher
Member
Registered: 14th Oct 10
Location: Eastbourne
User status: Offline
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I wonder if theres any chance of getting a set cheap they have lying around?
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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£1.5m turnover is tiny for 24 employees  shame.
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taylorboosh
Member
Registered: 3rd Apr 07
User status: Offline
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Maybe sell more if they werent so fucking expensive
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Nic Barnes
Member
Registered: 5th Apr 04
Location: nowhere near ginger people
User status: Offline
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Guess the price of the 2 I have for sale has now gone up due to rarity.
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Robin
Premium Member
Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
User status: Offline
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quote:
Originally posted by taylorboosh
Maybe sell more if they werent so fucking expensive
First thing I said too!
Shame to lose a well known UK manufacturer but I'm sure they'll be back (again) like most companies.
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taylorboosh
Member
Registered: 3rd Apr 07
User status: Offline
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Yea mate
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Hammer
Member
Registered: 11th Feb 04
User status: Offline
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quote:
Originally posted by deano87
£1.5m turnover is tiny for 24 employees shame.
Based on what? Far too many variables to make such a bold statement.
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SVM 286
Member
Registered: 13th Feb 05
Location: pain
User status: Offline
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quote:
Originally posted by Steve
http://www.expressandstar.com/business/midlands-business/2013/09/19/24-lose-jobs-as-wolverhampton-motorsport-firm-collapses/
 
Shit.
Have never had the money to do it so far, but the only replacement wheels i've ever had planned for the RS and the Rover were five spoke matt/satin black MOs. Always thought i'd be able to do it someday.
Not much chance of that now.
Had no idea they were in trouble. I would always have imagined that they were recession proof, owing to their main customer base.
Such a shame.
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corsadonk
Premium Member
Registered: 4th Jul 09
Location: Marlborough, Wiltshire
User status: Offline
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quote:
Originally posted by Robin
quote:
Originally posted by taylorboosh
Maybe sell more if they werent so fucking expensive
First thing I said too!
Shame to lose a well known UK manufacturer but I'm sure they'll be back (again) like most companies.
How much to do think it cost to design, and make wheels? Plus the rent for the unit, wages and tax. If they sold they're wheels for a smaller profit, I'm sure they would of gone under years ago. No point running and company and not making any money. 
It's such a shame to see a company like that go, I hope someone buys the name.
[Edited on 20-09-2013 by corsadonk]
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Robin
Premium Member
Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
User status: Offline
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They will own the unit, they've been there forever after all. As for design, it's all done in house by the owner, no expensive outsourcing. There's not a lot of r&d, they have very few new designs. All the manufacture is done on site too as they have the technique perfected.
I'm pretty sure their margins on each unit are pretty good, they're just not selling enough as they're too much money.
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Generation
Member
Registered: 7th Jul 09
Location: Essex
User status: Offline
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Doesn't mean they own it, just because they've been there ages.
For all you know they re mortgaged the plae to free up funds when they realised they were going under
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corsadonk
Premium Member
Registered: 4th Jul 09
Location: Marlborough, Wiltshire
User status: Offline
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My boss has rented his unit since the early 90's.
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Generation
Member
Registered: 7th Jul 09
Location: Essex
User status: Offline
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Bank I work for doesn't own the property, and obviously they're loaded...
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Corsa_Sport21
Member
Registered: 13th Apr 08
Location: Leven, Fife. Drives : 205 GTi
User status: Offline
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Apparently they aren't going out of business, just moving location.
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