The following press release has been received today from PKF (UK) Ltd, the Administrators of Blackpool Automotive:
Blackpool Automotive Limited in Administration
PKF Partners and Joint Administrators of Blackpool Automotive Limited yesterday evening completed the sale of the main assets of the company for an undisclosed sum to a company controlled by Nikolai Smolensky.
The sale included the TVR trademarks, certain vehicle stock, work-in-progress, and the manufacturing plant and equipment.
In a statement, joint administrators Philip Long, Kerry Bailey and Matthew Gibson said:
"Having advertised the assets of the company to the open market, we are confident we have achieved the best possible price in the circumstances and we are now looking to return money to the creditors as quickly as possible.
While we had a significant number of companies expressing an interest, four demonstrated they had the funds required to enter a bidding process. Ultimately, Mr Smolensky's company came in with the highest offer."
As previously reported on this website (see below), TVR Power are taking over Mallory Park this coming Friday to test and demonstrate their new supercharged 4.0 litre, 4.5 litre and 5.0 litre units side by side along with their 'Hybrid Taraka Plus' trackday car.
We are now pleased to announce that the owner of TVR Power, Dominic Trickett, has opened up the day to allow a limited numbers of cars to join them on the track. Sessions will be limited to just 6 cars on track at any time - 2 supercharged cars plus 4 "normal" cars - and will run from 9:00-5:00 with an hour for lunch. This will cost just £65+VAT per car.
For more information call Dom on 024 7636 6177 or email him on email@example.com
We must point out that this is not a TVRCC Track Day and therefore your track day insurance may not be valid. Please check with your insurance company/broker.