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"24 lose jobs as Wolverhampton motorsport firm collapses.
Wolverhampton-based Compomotive Motorsport Wheels has gone into administration after suffering a slide in turnover.
Matthew Ingram and John Whitfield of financial advice and restructuring firm Duff & Phelps have been appointed as joint administrators.
It is understood they took the decision to cease trading at the business and are now attempting to sell off the assets.
Matthew Ingram of Duff & Phelps said: “Despite its strong brand reputation the business has been suffering from declining turnover for a sustained period, largely due to cheaper imports and a subdued trading environment. This has ultimately resulted in its closure and the unfortunate loss of 24 jobs in the local economy.”
The employees at Compomotive Motorsport’s base on the Wulfrun Trading Estate had been made redundant before Duff & Phelps were appointed.
The family-run firm, started by Bill Dixon in 1973, made a range of competition wheels for motorsport teams".
Never liked their wheels. They had a good name, but was not deserved in my opinion. All of my mates who bought their wheels had centre caps that degraded within a year, and then the lacquer on the wheels itself started to turn a dirty brown.
they aint that good matey, my mate had one years ago-unreliable-rotten-not that quick-horrible inside-parts hard to find and expensive when you did find them
plus he had the martini graphics on it so you would of hated it
they aint that good matey, my mate had one years ago-unreliable-rotten-not that quick-horrible inside-parts hard to find and expensive when you did find them
plus he had the martini graphics on it so you would of hated it
i know they are rot boxes and unreliable but the main reason i didnt get one was the version i wanted was lhd only.
they aint that good matey, my mate had one years ago-unreliable-rotten-not that quick-horrible inside-parts hard to find and expensive when you did find them
plus he had the martini graphics on it so you would of hated it
You're welcome to your opinion, but as a former owner of an Evolution 2 my view is you're missing the point.
They handle better than any scooby even now. Not that much power compared to modern cars agreed, but then a Db5 is also slow, but that's still desirable. Yes they are a product of their time - boxy plastic interiors etc and the rear diff was a weakness, but a genuine classic car.
They are all LHD - the only rhd ones were conversions that lost the steering feel and braking feel post conversion
Last edited by Fat Boy; 19 September 2013 at 09:28 PM.
Posted from their facebook page half an hour ago!:
'COMPOMOTIVE wheels have NOT gone bust... only the factory that used to make them = Components Automotives 73 ltd. COMPOMOTIVE will be back soon after restructuring the brand. Please do not believe all what you read on the net.'