View Full Version : Guys, this just in.....there is hope!

12-29-2006, 02:33 PM
This is from the BBC website in the UK.......

The administrators appointed to the firm which produced TVR sports cars has said it is confident of finding a buyer for the company.

Blackpool Automotive, makers of TVR, announced in October that production was moving abroad, but a week ago administrators were called in.

Proposals to move from its Bispham base to a new factory in Blackpool had earlier been shelved.

Administrators PKF (UK) LLP said the firm would be sold as a going concern. The future of the firm has been uncertain since its plans for a move locally were scrapped a few months ago.

The announcement was made about moving abroad and workers laid off, prompting protests by TVR owners and a petition to Downing Street.

In a joint statement, administrators stated: "It is our intention to advertise the business for sale as a going concern and we are optimistic that a purchaser will be found in the New Year."

Established in 1947, TVR is Britain's largest independent sports carmaker.

It was founded by Trevor Wilkinson, who used three consonants from his first name for the company title.

It was bought by young Russian tycoon Nikolai Smolensky in 2004.

So, are we going to organise a whip-round? Get BCF members to cough up some cash, and buy ourselves an LBC company!

12-29-2006, 05:02 PM
yeah, right. There have been so many rumors about TVR that I for one am from Missouri on this one. Maybe Ford will buy em! Then they can package TVR with Jaguar, Aston Martin and Land Rover and sell it all to the Chinese!

12-29-2006, 06:00 PM
I agree with Russ that there have been so many rumors in the last few months that no one knows what to believe any more. We simply have to wait and see what shakes out.
If we relied on rumors our heads would all be spinning even more than they already are!

12-29-2006, 07:12 PM
At least they are looking for a buyer now, it's better than the prospect of having the company moved the eastern europe.

12-29-2006, 10:43 PM
Are they really looking for a buyer? Or is this just more idle speculation and rumor (or rumour as they say over there) mongering?

12-29-2006, 11:49 PM
Well, the company has been put into receivership, which means that it's no longer in the control of the Russian. It is the job of the receivers to get as much as they can for the company, and from the report it would seem that they consider it a going concern, rather than something to be sold off peicemeal, as happened with MG Rover.

We'll see. I just thought it was a positive development after so much gloom and despondency.

12-30-2006, 12:20 AM
I guess we'll just have to wait and see. Hopefully someone with a lot of $ and brass ones will fall in love.

01-01-2007, 02:41 PM
Happy birthday Steve.....

And happy 5th anniversary on BCF.