SUPERCHIPS IN ADMINISTRATION FOLLOWING COVID-19 CLOSURE

Buckingham-based tuning firm Superchips has voluntarily entered liquidation, citing the ongoing coronavirus pandemic as a driving factor.

An official statement from the ECU remapping specialist, which has been in operation since 1977, confirms that it has instructed business advisory servive Quantuma to assist with the administration process.

READ: CORONAVIRUS: MORE THAN 60 PERCENT OF GARAGES HAVE SHUT

The company thanked customers for their loyal service over the years, and said it is working to “assess whether we can sell the business and its assets as we are eager for there to be continuity”, inviting interested parties to get in touch for details.

Included in the sale will be the Superchips branding and associated domain names, a library comprising 3700 remap files and 80 worldwide garages trained to carry out Superchip services.

The company’s Buckinghamshire offices and workshops are available as part of separate negotiations.

On 23 March, a statement from Managing Director Ian Sandford advised that, following the government’s imposition of a lockdown, the company had taken the decision to temporarily close from 25 March.

READ: LKQ PLOTS GROWTH AFTER CORONAVIRUS PANDEMIC

It had been planned that normal operations would resume in due course, but any continued Superchips activity will now be carried out by a new owner when the lockdown ends.

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