T-Rex Engineering declares bankruptcy
The beloved Danish boutique effects company declares bankruptcy after difficult financial year.
Update: Guitar.com contacted T-Rex Engineering co-founder Lars Dahl-Jorgensen seeking comment about the situation today, and Lars was keen to reassure T-Rex fans that the company isn’t going anywhere.
“Sebastian [T-Rex co-founder Sebastian Jensen] and I have managed to get back the rights and content, so we are back at full speed,” he told us via email today, before confirming that a full statement would be forthcoming in the coming days.
We’ll update this story further as soon as more information becomes available.
According to the report, T-Rex filed for bankruptcy on 21 February 2019 following a tough period, with the company reporting a DKK 3.7 million (£420,000/$560,000) loss in the 2017/18 financial year, leaving it in negative equity.
The company’s most recent annual report, which was published in December, stated that, “there is significant uncertainty that can raise significant doubts about the company’s ability to continue operating,” which sadly appears to have come to pass.
T-Rex was founded in 1996 by Lars Dahl-Jorgensen and Sebastian Jensen, and soon became one of the darlings of the early boutique effects scene, gaining worldwide notoriety for the Alberta overdrive, Mudhoney distortion and most famously the Replica digital delay.
The latter’s wonderfully authentic digital recreations of classic tape echo sounds meant it found its way onto the boards of everyone from David Gilmour to John Mayer, not to mention thousands of tonehounds all over the world.
The company’s other significant contribution to the effects world was the Fuel Tank range of high-end power supplies, which continue to be a popular sight on pro and amateur pedalboards to this day.
At press time, T-Rex has not released an official comment on the bankruptcy filing, or what the future holds for the company’s eight staff.
Stay tuned for more details.