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  • The First Women’s Red Bull Rampage Is Underway
  • 1
    superstarcomponents
    Free Member

    I have a question, totally open and unbiased. I just want to understand what people outside the industry think.

    lots of people are saying they hope they will survive, but outside of jobs etc and focusing on just the brand/retailer why?

    are you nostalgic for the name’s history?

    do you hope for continuing low prices?

    do you like the own brands?

    the service?

    other reason?

    the second question is if they increase their prices 20-40% would you still buy from them?

    Neil SuperstarComponents

    1
    superstarcomponents
    Free Member

    interesting Thankyou Brant. That passed me by. Well that is a good example of how much a historical brand name is worth on its own. £4150

    you have to remember alot of the value comes from pumping money into marketing. When that stops and the brand fades it’s not worth much at all. Certainly not the millions of debt which no doubt is lurking

    it sounds like all the couriers have put them on stop and the administrator is working to get new temporary services in place now they have taken over as the legal entity. I’m sure they will get proforma accounts open in a few days but it will block up the system for a bit

    Neil SuperstarComponents

    superstarcomponents
    Free Member

    I’m genuinely surprised they didn’t make a U.K. made boutique brand out of x-lite back when they bought it.

    maybe the lure of cheap stuff out of China was too powerful 

    Shame really

    Neil SuperstarComponents

    superstarcomponents
    Free Member

    That. See above

    Neil SuperstarComponents

    1
    superstarcomponents
    Free Member

    The question is… if Chiggle sold things at business viable prices how much turnover would they lose?

    I get the feeling that a lot of people don’t understand how business costs work. Yes you might have 30% margin but once you take out of that gross profit all the costs such as marketing/staff/warehouse/insurance/etc you can end up negative.

    now if you sell at cost you aren’t getting your money back, yet you are still paying all the other bills ontop of the stock transaction of no value.

    the answer to this tells you the value of the business exstock. Next part is Stock is generally worth 10-25% of what you paid for it in a fire sale. Add the two together and is it more than the debts?

    lots of questions

    Neil SuperstarComponents

    1
    superstarcomponents
    Free Member

    Frank you have that the wrong way around. The apparent problems bubbling in Signa Holdings is looking to be the reason for them pulling funding from Signa Sports.

    without the cash flowing in to fund Signa Sports losses it results in the companies folding which we are seeing.

    my point is that the root cause of this flux in the bike industry originated far away, but it doesn’t alter that the sports businesses fundamentals weren’t viable as standalone businesses.

    Neil Supsetstarcomponents

    superstarcomponents
    Free Member

    Billions of Saudi investment in the Selfridges funding deal. Plus taking out billions more against the property. Well I’m sure that’s all legit

    Turns out this flogging bike stuff is small fry in the big picture.

    Neil SuperstarComponents

    4
    superstarcomponents
    Free Member

    Looks like it’s a MUCH bigger story than just loss making bike part retailer goes south.

    This just posted on Pinkbike,

    https://bnn.network/politics/rene-benkos-real-estate-empire-on-the-brink-a-crisis-unfolding/

    sounds like the golden goose of leveraged investment stopped paying out and rather rapidly caused the loss leader market domination group of companies to be unaffordable to keep funding their losses.

    I’ve been trying to work out how much a percentage of the whole group the Chiggle group is. It’s really hard to be sure with the complex structures of companies reporting differently. I reccon it’s about 30-40% ish, so if the group does bad that’s a large proportion of the problem.

    interesting. I’m sure this will get a more twisted plot as this continues to come to light. I’m still unsure of the full scope or potential impact on the rest of the bike industry both in the U.K. and the manufacturing base overseas.

    Neil SuperstarComponents

    6
    superstarcomponents
    Free Member

    Back on topic.

    I previously have said that I didn’t see who would want to buy into brands which looked loss making in a crowded market. But now I’ve mulled it over some more and see the potential interest from the Fraser group and similar, I think it will get reincarnated as a generic outlet of mostly own brands. I suspect most of the own brands will be killed off and some kept to flog generic stuff. It’s a very crowded market out there on tight margins in good times

    now for those who don’t get my point of view in these discussions it’s probably because I consider the matter purely on a viable business basis. I’m not really interested in the politics or marketing history.

    I’ve got no beef with CRC Wiggle. Infact I’ve been a supplier for over a decade. I just have beef with greedy investors who destroy both their own business and businesses around them through their own lust for exponential growth.

    also I’ve said before I can actually say what I think honestly because my income doesn’t rely on the bike industry. Virtually everyone else relies on being matey to get marketing or be paid for marketing.

    Neil SuperstarComponents

    superstarcomponents
    Free Member

    PCA I’m not making statements and accusations like you just have. I was just pointing out the name change makes it harder to find if you were just googling it or similar. That’s actually the reason they do it.

    Neil SuperstarComponents

    superstarcomponents
    Free Member

    I was not saying it was wrong to change name, just pointing out that it had happened and thus it was less easy for people who don’t know to find the publicly available information to inform themselves.

    there’s alot of people saying things like “it’s a sound business” with literally nothing to back it up. I just base my opinions on the public facts. Don’t believe the marketing hype. As buffet says Only when the tide goes out do you learn who has been swimming naked

    unfortunately accounts are always out of date by 12-24 months on reality.

    Neil SuperstarComponents

    1
    superstarcomponents
    Free Member

    They payed £8million. That’s where the small amount of debts paid off came from. It’s all listed in the documents on companies house 

    SD didn’t do anything wrong, they bid what they were willing to offer and the best offer wins. It’s not their debt but the failed companies. The suppliers who offered credit terms are who got shafted

    now the bit which annoys me is these big companies demand credit terms not ask. So their suppliers are effectively bankrolling the retailers with their own money. Often it’s bully boy tactics. See several of the big bike makers retrospectively demanding longer credit terms ie Giant a few months back. 

    I wonder how much tax is due which our government services won’t see…. 

    we will find out in the end

    Neil SuperstarComponents 

    2
    superstarcomponents
    Free Member

    Jameso. Just checked the Evans administration files. It was £87 million. They payed out £8 million to preferred creditors ie their bank

    they changed the company name to make it harder to find…..

    F. W. E. REALISATIONS LIMITED

    Company number <strong style=”font-family: inherit; border: none; margin: 0px; padding: 0px; font-size: inherit; line-height: inherit;”>02784079

    Specialised and trek were taken for around 3 million each. Look at the public documents online for the full list

    the crc documentation is going to make interesting reading

    Neil SuperstarComponents

    7
    superstarcomponents
    Free Member

    Well that happened quicker than expected.

    nukeproof was on a roll, not surprisingly with the huge marketing spend and giving the stuff away at taiwan manufacturing cost🤣 whoda thought

    while I’m glad to see VC funds get utterly shafted after their greed powered forecasts blew up in their faces. There are real people who have been harmed by this who I’m sad for. The staff, the supply chain around them but most grimly their suppliers who are going to get utterly screwed. I think this is going to kill off several distributors as a knock on effect.

    we will only know when the administration report is published but I remember Evans taking down I think £70 million in debts to suppliers who won’t see a penny for it. That destroys other businesses….

    I’ll say again, there won’t be a liquidation sale. It will get piled on pallets and shifted in bulk via auction. Will end up all over Europe.

    grim times ahead but on the other hand good news for real businesses struggling against funny money VC funded greed zombies

    Neil SuperstarComponents

    superstarcomponents
    Free Member

    Don’t get your hopes up about a sale. It’s been on for months now!

    if they do go pop then either it will get sold as a going concern or the whole thing auctioned off to the trade. An administrator can’t be bothered faffing with end user sales

    from looking at their public figures and what Signa has said they have been running as a huge loss maker to dominate the market. They have been successful at that but it’s not translated into a money maker, just a pass the parcel between VCs and unfortunately Signa has opened the last wrap the find a grenade with the pin out

    neil SuperstarComponents

    2
    superstarcomponents
    Free Member

    Lifeline was basically a loss leader cheap brand to get you to buy other stuff at chiggle. Generic catalog stuff done on minimal margin. 

    I’m not sure there’s much value in any of the house brands. The ones with bought in heritage were just that, buy a long dead brand name to give your VC funded house brand a bit of bought in soul  

    now they have been abused and butchered for the corporate growth plan who is gonna want them? Maybe if they are free

    cynical? Me? Never…

    Neil SuperstarComponents 

    6
    superstarcomponents
    Free Member

    Sounds like the rug is being pulled and this is going to get exponentially worse very quickly.

    I have no sadness for VCs imploding. My thoughts go out to the staff who have been shafted by them like the rest of us

    Neil SuperstarComponents

    5
    superstarcomponents
    Free Member

    AliExpress etc is very interesting. I’ll be straight up it’s taken a huge chunk of our small item sales where people are only interested in price not quality. Hence our move to other markets. 

    I read that 30% of ALL small packages going into the USA are shein and temu sales. This is utter insanity caused by low value import exemptions and state supported postage in China. The EU and eventually the U.K. solved the import exemption problem but they can still ship for less direct from China than within the U.K. to the U.K. 

    before you get into the claims that these cheap goods are subsidised by the Chinese government as a proxy to harvest your data and put malware on your phone  . But the stuff is cheap…

    basically if you don’t support U.K. businesses making stuff here and paying lots of taxes here, then they won’t be here in future. Then when you want government services paid for by companies taxes they won’t be here either. It’s your choice. 

    neil SuperstarComponents 

    1
    superstarcomponents
    Free Member

    Now they could be doing some Starbucks esque profits shifting but that would show up in the turnover vs cost of sales on companies house. They appear to be operating normally in that respect 

    so no. They appear to just be making losses. Also the group overall margin according to online is negative 40%, the whole shabang looks like they are liquidating stock for cash flow as corroborated by Signa press release comments about very negative cash flow 

    so in summary it’s bad. Based on published public statutory information not hearsay or guesses 

    talking with my taiwan friends they are all saying demands from crazy payment terms have been asked for, points to cash flow issues. Obviously this is third hand but I trust them as they have nothing to gain from their statements

    neil SuperstarComponents 

    superstarcomponents
    Free Member

    Errr CRC WIGGLE doesn’t make anything!

    they buy it from vendors and retail it with a margin. So no minus that’s not how it works, quite the opposite. If you are both the manufacturer and retailer your stock is a raw material prices. You don’t make ANY profit till it’s sold, otherwise you would end up paying huge corporation tax for stuff in your warehouse!

    so buy a frame for £500 inc shipping then sell for £1500 (inc vat). What they are doing is binning them out at say £400 so they make a loss to gain cash flow to pay bills. note all your other running costs are onto of this like shipping/staff/rates/property/packaging etc

    so if they lost on average £200k a day then yes that’s what they have done

    Margin is normally about 20-30%, I read last qtr signa group’s margin is negative 40% which is insane

    neil SuperstarComponents

    1
    superstarcomponents
    Free Member

    Minus that’s totally incorrect. The value of stock is at purchase cost not achievable value. To make a loss their sale price minus costs of sale must be negative 

    According to accounts they have been losing money for years (obviously multi company opaqueness complicates things)  it’s easy to be number 1 when you make a loss on sales . Dominating doesn’t equal profitability 

    I hate to know the cost of the marketing spend on their house brands and race teams. Sure it might increase sales but if you spend a million on adverts you need to sell 5 million more just to break even. Then when they dump their key products at manufacturing cost, it doesn’t even look like the brand is that attractive anyway 

    yes they could be lining up for a prepack but who would want to pour a few hundred million into the already obvious money pit? Maybe when you can borrow at 0.5% but right now its brand value isn’t looking attractive value

    neil SuperstarComponents 

    2
    superstarcomponents
    Free Member

    Neil from SuperstarComponents. Note these are just my opinions based on publicly listed information, don’t hold me to this.

    looks bad. Very bad

    If a corporate says they have severe liquidity problems publicly they are unlikely to be in a good place!

    Last I read CRCwiggle group lost £90 odd million last financial year and made some bonkers excuses about it sploshing tens of millions on a website (how? Incompetence?)  I suspect this years financials will be considerably worse if it ever comes out.  Look at companies house and there’s the usual schenanigans of multiple companies shifting losses around

    They are clearly dumping stuff like crazy for cash flow. Lots of stuff sold well below manufacturing cost. Flogging £55 chainrings for £8 for example

    looking at the claims Signa was delisting of its own choice then the NYSE saying they were delisting them looks even more shady. A rather clumsy attempt at PR brushing over a shitstorm. In a nutshell the company has lost 98.5% of its entire value in a single year, this doesn’t point to health!

    market cap of $35 million according to google. That could evaporate in days if contagion digs in. It reflects the sheer amount of money burning and debt at risk if you annihilate a few billion dollars in market cap in under a year!

    so does this mean loads of bargains? Well they are flogging them now and I doubt they are ordering more stuff to replace it.

    taiwan bike factories are working 2 day weeks as demand has nosedived. This doesn’t mean cheaper prices it means they aren’t making anything!

    what might happen next? Well these big companies are based on debt funding. So everything’s hunky dory till your lender pulls the money and you go pop instantly. If your bank has lost 98.5% of its value in a year I doubt it can raise more money to burn.

    wont be the first or last. It’s going to be an interesting year…

    3
    superstarcomponents
    Free Member

    Well ive been watching all the stuff they are dumping for below manufacturing cost to get sales and wondering when they are going to run out or go pop? Im sure their new owners have very deep pockets to keep pouring money in a hole. Shafting all the shops who sell nukeproof is going to be doing them long term harm in that respect.

    Nukeproof pedals for nigh on what they will be buying them for in Asia, Raceface chainrings £55 now £8, all those frames. smelt a bit of desparation to me.

    Maybe im just being a bit cynical here

    Neil (superstar components)

    7
    superstarcomponents
    Free Member

    The debt doesn’t worry me or the viability of them continuing. My concern is its being bought by a tangle of companies who appear to have no real money.  It gets really annoying when you run a genuine company not engaged in shenanigans which pays shed loads of tax when people are out there publicly and intentionally avoiding it (not that i know for sure that’s whats happening but it will be interesting to watch and see)

    A company needs money and assets to get a loan, the banks don’t just give you a few million quid just for lolz. Venture Capital normally has some capital to spend….

    Meh whatever, if it blows up and the government doesn’t get its taxes don’t complain when they don’t fund the NHS.

    Neil (SuperstarComponents)

    3
    superstarcomponents
    Free Member

    So…. as far as i can see in my quick skim of companies house (note this is public information and im not privvy to any other details, im more than happy to be proved wrong on my suspicions and presumptions.)

    according to CW article

    Baaj Capital – recently setup – dormant company until recently – looks like it does very little from its assets and liabilities being virtually identical – has a company value of just £1500 – “the venture capital company” has funded the purchase of a multi million pound company with presumably millions of pounds of stock (if they are selling stuff on naff all margin as it appears)

    Through Winlong Garments Limited – which is owned by the person who owns Baaj – which looks like it does very little from its assets and liabilities being virtually identical – has a company value of just £30! Buys a couple of million in stock and takes on all liabilities of the old company.

    Both owned by the person who has multiple personal entries on companies house to try and scupper the links between all the companies. Who has 36 companes/directorships. several in liquidation/dissolved, the rest appear to be mostly dormant companies which do naff all. the only ones i can see of merit are a few managing properties (probably just parking some cash investment) and a clothing importer with minimal turnover/profit/assets.

    I don’t really get how this works and it just smells of a Tory government style tax dodge. Reminds me of the covid PPE deals where nothing value companies get epic deal income and then run away with the cash after a quick flip.  I’m sure there “must” be an innocent reason why a company with nothing can get a loan from another linked company with nothing, to buy a multimillion pound business with no sketchy dodges or tricks….

    I don’t actually know how an Employee owned company flogging its own company to someone else works. i can only presume it gets put in administration and all the suppliers/HMRC dont get paid as i doubt theres enough to cover the debts. no idea to be honest?

    Just putting it out there. ill watch and see what happens!

    (my personal bet is they flog all the stock, pay all the investors/directors millions and then nuke the company not paying any tax/VAT etc)

    Neil (SuperstarComponents)

    superstarcomponents
    Free Member

    What are the tax implications of EOT?

    Importantly for many business owners, an EOT creates two tax breaks: Those selling their shares may do so free of capital gains tax. Once a company is owned by an EOT, it can pay annual bonuses to its employees free of income tax.

    The attractiveness to a owner disposal is you don’t need to actually find someone to buy it and the big one is you pay ZERO tax on the sale.

    Note the EOT can issue bonuses tax free to its employees, but it doesnt have to.

    There are downsides and if the company goes pop you will lose a big chunk of your sale. Tactically most people will get the company to leverage up and make big profits early on after sale at the detriment of risk, so it can pay out ASAP. If it kills the company once you have your money… Meh Whatevs. (Cynical Mode OFF)

    Neil (SuperstarComponents)

    4
    superstarcomponents
    Free Member

    For clarity as it appears people generally don’t understand an “employee owned company” is not owned by the employees but owned on the “current employees” behalf by the trust. Its basically run by a board of directors like any company. Once you leave the business you are no longer an employee and no longer part of the trust benefits, you don’t leave with shares. In most cases it makes naff all difference to the actually employees but gives a fuzzy feeling to the government and business owners when they sell up as it sounds better than bought by an overseas competitor, offshored and gutted for assets (grumpy mode off).

    There may be some incentives/bonuses/ability for employees to have a say but this is exactly the same for a normal company, you may get nothing as an employee of an EOT. Its a variation of a management buyout but not done by the management.

    The reason they exist is an easy way for the original owner to sell up tax efficiently. Basically the trust raises money either through loans from banks or usually just by the original owner selling the company to them with an IOU loan. This way the trust doesn’t need to find any cash so the transaction can just happen easily and quickly, and the original owner gets payed back over the years from the profits of the company till the loan is settled. In times where getting someone to stump up £10 million in cash right now it is a nice exit plan for owners.

    Where people are saying the trust has paid out millions to its employees, it hasn’t. I strongly suspect the majority of this is paying back the loan from the sale of the business to the original owner as agreed with them.

    obviously Ive not seen the documents of this particular transaction but this is a generalization of how it normally happens.

    I hope this is interesting to you all and helps you understand the situation better

    Neil (SuperstarComponents)

    superstarcomponents
    Free Member

    There are actual seals which work so they touch and have friction. Feel free to take them out if you want a spinny unsealed product.

    You can grease them to make it spinny but that just attracts grit which kills the seals.

    Basically there’s naff all mass for momentum in just an alloy rim. Once it’s got tyres and 100kg of human onboard all that “friction” becomes irrelevant.

    If the friction is excessive when clamped then there’s a spacer missing or the plastic seal isn’t snapped in fully.

    Neil Superstar

    superstarcomponents
    Free Member

    For this is not a spoon. That wasn’t me but I reflect the sentiment. Bearing in mind I know who make whose pads, the line about “investing in big name pads” just points how broken the marketing has made customer perception.

    What’s the point in superstar selling great value products which are literally the same thing as stuff four times the price when people make their value judgements based on zero facts. The people who want cheap junk then go buy the 2 quid stuff. So stuck in the middle, but I’m not going to drop half a million on marketing budget to persuade cough bribe media to sing our praises

    Sorry that was very cynical of me.

    Anyway it’s a steal of a deal, just rationalising what we have in the warehouse as I’d rather spend the money on tooling up the new Matsuura to make medical/industrial parts where they aren’t blinded by marketing.

    Neil SuperstarComponents

    superstarcomponents
    Free Member

    Probbly missing a spacer or something.

    first check the plastic seal is fully snapped in.
    second pull off freehub and look to see if there is a spacer between the hub bearing and freehub.

    if thats not fixed it send it back and the guys will look and sort. its a million times easier than doing it remotely.

    Neil (superstar)

    superstarcomponents
    Free Member

    Chapaking- the problem with asking the people in the industry is they aren’t going to say it’s terrible as it affects their company and job. All you will get is a typical PR piece saying it’s all going great because until they fold they aren’t going to say otherwise. Their own job relies on it… my point is I’m not reliant on bike parts anymore so can just tell the truth.

    Clothes. Hell no! A warehouse full of the wrong colours and sizes which you have to redesign twice a year and Chuck what’s left in a skip. It’s only profitable in huge volumes at ultra low margins, the big boys use it as a loss leader for marketing.

    The cash from bumper Covid sales went into paying the massively increased costs of goods and shipping. I doubt much if it is left

    What you need to think is not turnover but profit. Bear in mind in a decade my electric unit price has gone up forty times, not 40% but forty times! Chainring metal plate up 2-3 times, ano doubling or more. So machining stuff is a lot more expensive yet prices have bearly gone up yet…. So do I make medical parts or bike parts when one pays 5 times more?

    Things ain’t even got expensive yet so don’t fool yourself there’s going to be endless bargains.

    Neil SuperstarComponents

    1
    superstarcomponents
    Free Member

    Well as I (neil SuperstarComponents) work in the industry with friends everywhere from the big distributors to the taiwan/china factories I’m in a good place to know. As I’m focusing more and more on non-bike manufacturing, I also don’t need to put on the bull£&@t marketing face and pretend it’s all A-OK like most who are stuck in it.

    First forget about the top end stuff, if you can afford to drop £10k on a bike you aren’t even aware a recession is firmly here. It gets the headlines and the reviews but 99.99% of the market isn’t this. In the real world margins are thin and people have their hands in their pockets as they are terrified by their next electric bill.

    If you look at the public face certain brands put out and then you find out how much money they are pouring down the drain each month. It’s easy to be cool when you’re wasting your investors money. Then they stuff all their suppliers and take down good honest businesses. The administration statement of a certain company made chilling reading…

    Asia is imploding, the big companies have slashed their huge forward orders and stiffed the suppliers. If giant doesn’t pay, their huge supply chain can’t pay their suppliers or staff. I’ve heard of lot’s going pop and huge job losses. I’ve been told two year order books have completely gone and they are now looking for anything to make on a week by week basis. Because things look rocky their banks have pulled credit lines and continue the spiral.

    Distribution is packed full of stock but it’s mostly not what you want. They are going to be binning it out cheap to pay the bills but you can only build half a bike. All this is on financed money which has skyrocketed in cost along with inevitable huge increases in wages (not that you will be any better off). So yes realistically it’s going up in price after the fire sale.

    China is probably going to be a covid nightmare for the next six months, so supply chains are going to fall apart some more. So your cheap parts will need very expensive parts to finish your build.

    Basically everyone has said sales has nosedived and they are battening down the hatches. Some will do desperation sales for cash, others will hang on for prices to go up. I’m aiming for the latter like 2009 when everything virtually doubled in price.

    Why put prices up. Well aluminium has skyrocketed, electric is insane, everything from tooling to coolant, card boxes etc all up. Anodising gone up so much it’s not worth selling small cheap stuff. I actually think retail prices right now are so low it’s not worth making bike parts in the U.K. but inflation on retail price always lags reality.

    So am I worried. I am for the bike business but the cull of businesses will mean 2024 might be profitable if you get there. I’m going to be small and nimble to move where the work pays. I’ll make some bike stuff but don’t expect big things as people just won’t want to pay a realistic price for it right now. I’ve got plenty of medical parts to make but right now my bike clients are deadly silent. Grim times ahead.

    Neil SuperstarComponents

    superstarcomponents
    Free Member

    https://dothenorth.com/

    In the top 3 trips ever, up there with thrashing hire cars off-road at 80mph in the atacama desert.

    Great guys. Just rock up, throw your phone in their van and go self sufficient for a week or two.

    Neil SuperstarComponents

    superstarcomponents
    Free Member

    Cant be long till we run out completely. Literally giving them away for in some cases less than a set of spokes. No more wheels from us, im off to focus on new stuff and need to clear the warehouse.

    Neil (Superstar Components)

    superstarcomponents
    Free Member

    So to clear up the epic tinfoil hat paranoia…. ;o)

    Turns out whoever typed my date of birth in from the paper form decades ago typed it in wrong and companies house has only just noticed. So they canceled me and are in the process of re-adding me with the right DOB!

    storm in a teacup of admin. But i can see why people are getting jittery when you see how many people are on the verge currently. I looked at some competitors offers and am wondering about the health of some of the big boys. if you look at their accounts their stock value is less than what they owe within the year, so if they cant bin the stock out to turn it fast enough they cant pay their bills as its all on hundreds of millions of pounds of credit.

    ive got the opposite problem. Piles of stock im in no rush to give away apart from the big bulky stuff like wheels which needs to go.

    Neil (SuperstarComponents)

    superstarcomponents
    Free Member

    Errrrrr…. sounds like someone has sent a spam form into companies house?

    Ive been onto companies house to get it removed.

    Rest assured im still 100% shareholder/teamaker/dogsbody and all the rest. Currently just moving to a new factory nearer home for a better work life balance, Just bought 3 new machines. I cant wait for my new huge 15 pallet Matsuura Horizontal to be delivered…..

    Neil (SUperstarComponents)

    superstarcomponents
    Free Member

    Hello we are waiting on some spacers to come for assembling the last of the freehub batch so we can ship the wheels. Sales came in way faster than expected so ate up all the prebuilt stock instantly. Just waiting on the supplier of these as we no longer have the swiss type lathes we made these on inhouse. all the rest of the parts are sat waiting and the wheels are prebuilt and waiting to ship out.

    The original ones came in undersize (we sent the wrong spec by accident) so we are waiting for the replacements so its taking longer than expected. most of these lines are sold out or virtually sold out, so if anyone cant wait they will be snapped up ten times over at the crazy price.

    i apolagise for any delays

    Neil (Superstarcomponents)

    superstarcomponents
    Free Member

    Hello the problem is the orders are coming in so thick and fast that certain variations we have to manually remove from the menus. we obviously dont have every single one of the tens of thousands of options assembled, and once we are down to dregs we dont have the flexibility to swap things around to fulfill every permutation.

    Neil (superstar)

    superstarcomponents
    Free Member

    Hello just an update on this. DPD sent a lorry which we filled and more on 2 more vans, so the backlog has shipped. I apolagise for the delays in DPD getting their act together.

    we have sold about 65% of the stock now so theres lots of lines sold out or about to. So if you want a below manufacturing cost UK Made bargain crack on as they wont be there for much longer

    as for people asking about spares we have thousands of parts machined which should last years, and if anything runs out as we manufacture here in the UK we can just make some more. We are making hubs for other brands still so they will be around for a long time

    Neil (superstar components)

    PS Nanos back instock and shipping ;o)

    superstarcomponents
    Free Member

    to answer questions.

    pretty much anything other than DHX is tubeless ready design, just tape and goo like stans.

    arc on 40c, yeah will work lovely, probbly wouldnt go much bigger but tyre shape is frame and personal prefernce really

    crash rebuild has been withdrawn purely because we dont have the stock left to be able to operate it any more. free truing is the same as over the last 10 years i can probbly count on one hand how many returns for that actually were a “true” and not a crash rebuild… we apolagise for the inconvenience

    bit of carnage yesterday, DPD could only fit half of the weekends sales on. apparantly they are sending a lorry today…. everything is going out, we apolagise for any delays.

    im listing a load of rims at the silly clearance price over the next few days. ive realised some of the juicy rims were missed off the original list (as another builder bought them but never paid for them in the end). keep eyes on facebook/email for news so you dont miss out.

    Neil (Superstarcomponents)

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