Superchips

hashluck said:
Whilst I am not a fan of modifying cars this way, this is sad to hear (announcement on home page).....

www.superchips.co.uk

Superchips provides petrol and diesel engine ECU remapping.

Superchips engine remapping uses an ECU remap for your diesel or petrol engine and delivers better performance. Engine tuning with ECU chipping for diesel and petrol engines.
www.superchips.co.uk
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Although its sad to see any one of note go under, i fail to see that its as a direct result of Covid 19 , probably more of a convenient last nail , forgive my cynicism but we have only been down 4 weeks
 
The history of piggy-back chips is not a happy one. I think the enthusiasm for the dream of easy power from a little chunk of ceramic chip is over and the disillusionment has kicked in.
 
They always seemed a bit expensive to me. Still, there’s no shortage of ‘chip tuners’ so I doubt they will be missed.
 
conaero said:
Take all the credit and grants you can then run for the hills and liquidate whist you are ahead.

I see this happening a lot.
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Except that most hasn't been paid yet so they are not likely to be ahead. It's more likely that as the government thinks that making it difficult to claim and as they have taken an age to get the process in place, they couldn't afford to pay their outgoings while they wait for money which is not guaranteed. I would agree that they were likely on the down anyway and have used it to accelerate that process and walk away, perhaps getting a buyer for their brand etc and so the shareholders maybe will get an upside that wasn't on the table otherwise.

If they have been struggling pre-Covid, or if they happen to bank with someone not in the government scheme, they can't borrow to buy time either. The banks are putting in the same checks for their 20% risk as they would in normal times so anyone who hasn't been doing well won't get any support anyway.

When the dust settles, I hope the government is held to account for the problems they could have avoided.

Don't even get me started on the so-called package for the self-employed.
 
Hate to see any business fail and people lose jobs.
But I wonder if like so many businesses that go under voluntarily if we will see them back uk and running with a slightly altered name - debt free.

I see that in 2008 they put the property into a holding company thus protecting that asset Would think - still mortgaged by C400k of asset to go play with.

hopefully they have not left a lot of creditors in the $hite.
 
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