Dassi at risk of closure, shows Companies House documents

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As reported on Cyclist.co.uk, Dassi Bikes appears to be at risk of closure having failed to submit a confirmation statement.

Issued a warning by Companies House, the top-end British label will be dissolved in two months ‘unless cause is shown to the contrary’.

Dassi Owner Stuart Abbott told Cyclist: “I assure you we are most definitely not ceasing trading.”

However, if Dassi fails to submit its paperwork all property and rights ‘will belong to the crown’ under Section 1000(3) of the Companies Act 2006.

Dassi is perhaps best known for its experiments with Graphene and carbon fibre. The firm announced a 750 gram UK made frame in July of last year.