Blackpool Automotive for sale

Following the announcement on 22 December last year that TVR's manufacturing division, Blackpool Automotive, was to go into receivership, confirmation has now been received that the receivers, PKF Ltd, do intend to try to sell the company as a going concern. The following advert was placed in the Financial Times on Friday. 

Automotive Engineering 
Lancashire, United Kingdom
Financials
Asking price: Undisclosed 
Sales revenue: Undisclosed 
Net profit: Undisclosed 
Fixtures value: Undisclosed 
Stock value: Undisclosed 

Business description 
The joint administrators, Kerry Bailey, Matthew Gibson and Philip Long of PKF (UK) LLP offer for sale the business and assets of Blackpool Automotive Limited. 

• TVR trade marks for the UK, EU & US 
• Moulds & tooling - TVR Tuscan, Tamora, Sagaris & T350 
• Leasehold premises 14,000 sq m 
• Manufacturing plant, equipment, fixtures and fittings 
• Work in progress and vehicle stock 
  
• Draft t/o 12 months 31 December 2005 - £18.87m 

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Interested parties should contact Elaine Hickman on 
Email: [email protected] PKF (UK) LLP 
Sovereign House 
Queen Street 
Manchester M2 5HR 
Fax 0161 832 6307 

Website www.pkf.co.uk Of course it is intriguing to note the inclusion of the TVR trademarks when popular rumour over the past few weeks had all assumed that these trademarks were not owned by BA. There are as yet unsubstantiated rumours that there is at least one party interested in the sale. As soon as we have some more information we will let members know.