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.
For the rest of this month, the 1962 Le Mans Grantura, restored between 2000 and 2003, will take pride of place in the main display at Alfred Dunhill in Jermyn Street London.
Dunhills have long had an association with motorsport and the car has been loaned to them by its present owner, City Region RO, Daniel Nash.
TopGear Automotive are a new independent TVR specialist who have opened for business in Wolverhampton. Run by Club members Martin Cotterill and Kevin Harris, both of whom are factory trained and have between them over 25 years of TVR experience firstly at Team Central and more recently at Horizon, the company offers fixed price servicing on all models from Tasmin to Tuscan 2. They are offering discounts to TVRCC members on all work carried out with a special promotion on all work booked prior to 31 Mar 07.
If you enjoy driving your TVR then why not think about putting your driving skills to the test with an Institute of Advanced Motorists advanced driving course?The IAM is Britain's leading road safety charity and advanced driving organisation, and the TVR Car Club has linked up with the Institute to offer Club Members access to their "Skill for Life" course on special terms. For full details, please see the link in the members' area (under training) or this month's Sprint.
May we take this opportunity to wish a Happy New Year to all our members and TVR enthusiasts. Here's hoping for some happier news to start TVR's 60th anniversary year than that with which we finished 2006. Don't forget that we have an extensive programme of events to celebrate the diamond jubilee. Not yet a member? Perhaps the 60th anniversary is the time to join.
Following last Friday's sad news from Bristol Avenue, we have today received the following update from Mr Tony Hodson, the Transport and General Workers' Union convener at Blackpool.
It is with deep regret that the Club has to report this evening that we have heard from several uncorroborated sources that TVR's manufacturing company, Blackpool Automotive, have today gone into receivership. There are reports that there will be a meeting on 2 Jan 07 to seek a way ahead.
We hope to have more information over this weekend and as soon as we hear anything more or are able to corroborate this information, we will let members know. Our thoughts and best wishes go out to the workforce.
TVR have confirm to the TVRCC that, at the invitation of Blackpool Council, it has taken part in discussions with a number of parties who expressed an interest to the Council in starting a new automotive business at the company's Blackpool factory.
Unfortunately none of these plans has come to fruition. As a result, the company will now be concluding discussions with the Transport and General Workers Union on redundancy terms for TVR staff. It is anticipated that these proceedings will be completed by the end of the year.
Dom Trickett, Managing Director of TVR Power last night successfully concluded the purchase of the Coventry based company from TVR owner Nikolai Smolenski.
Included in the management buy-out deal are all the existing factory body moulds up to Tuscan and Sagaris Mk1, along with the exclusive UK rights to all genuine TVR parts for all current and future models for the next 10 years.
Accidents do happen, and when they do, it is reassuring to be in the best possible hands. Being involved in an accident can be very distressing and hugely time-consuming to resolve.
TVR Accident Management has been established to provide a complete specialist service that ensures TVR owners involved in an accident will be back on the road with the minimum of inconvenience. The team can arrange a replacement vehicle and repair of the damaged vehicle, and can act in pursuing reimbursement from a third-party insurer.
Although formal verification is still awaited from Guiness, initial indications are that a new world record for the maximum number of cars of a single marque in one location was set today in the capital with London Thunder. Figures seen by the Club vary as to the actual numbers of TVRs on the rally from as few as 400 up to the highest of 478 which is reported to be the number of cars that pulled out of the car park at the Ace Cafe to commence the drive through London. In any case, all of these eclipse the previous World Record set by MX5 owners who gathered just 249 together.
Racetech Direct, a new independent TVR specialist based in Oxfordshire dedicated to the supply of TVR car parts and Accessories has formally opened for business. The company was established and founded by Harry Conway to service the needs of the TVR owner. Their website is currently showing parts from S series to T350.
Members will have seen the discussions in our discussion forum about London Thunder and the news itembelow announcing the rally. One of the aims of the rally is to deliver a petition to the House of Commons to highlight the plight of those workers who are losing their jobs in Blackpool and to call on the Government to do everything possible to retain manufacture of TVRs in Britain. Therefore, we need YOUR signature.
As members will have read on our discussion forums, in the local media in the North West and on Pistonheads, around 100 TVRs descended on Blackpool last Friday in a show of support for the production staff workers at TVR who sadly are probably going to lose their jobs as a result of the decision reported on this website three weeks ago that TVR is to out source manufacturing to an as yet undisclosed, but rumoured to be Italian, location. Following on from the success of this rally, a southern event, named London Thunder, is to take place in the capital on Sunday 26 November to support TVR in the UK and make a World Record Attempt.