Dymag Group Limited (08336642): administration
- Status
- Administration ended
- Administration began
- 2024-07-31
- Administrators
- Benjamin Neil Jones, Raj Mittal
- Administrators' firm
- FRP Advisory
- Formerly
- CSA Performance Wheels Limited
- Incorporated
- 2012-12-19
- Location
- Birmingham
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Parent or group failure
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated on 19 December 2012 and operated in the design and manufacture of composite wheels for the custom/high-end automotive and motorsports sectors.
The Company’s primary innovation was a carbon fibre barrel wheel design that allows different designs of wheel centres to be attached. Whilst the current design was understood to reduce manufacturing costs (compared to alternative methods of manufacture), automation of the manufacturing beyond current levels would have required significant further investment.
The Company also assembled aluminium motorcycle wheels with hubs being machined in-house to allow fitment to most motorsport motorcycle models.
Administrators' statement of proposals (2024-08-12) · Companies House register