Silverstone car energy storage developer up for sale

Thu, 14 Dec 2017 | ADMINISTRATION

A firm that develops and designs innovative energy storage systems based just off the Silverstone Circuit has been put up for sale after entering administration this week.

Flybrid Automative Limited, a specialist in flywheel technology and other products used to capture and store wasted energy from machines, called in Adrian Allen and Nick Edwards from RSM Restructuring Advisory after its parent company, Torotrak, announced it too was appointing administrators earlier in the month.

The company, which is located in Northampton just next to the famous Silverstone racing circuit, designs mechanisms called flywheel modules which are combined with electric motors or hydraulic pumps in a range of different settings, including off-highway vehicles, power generation, commercial vehicles, automatic and rail.

The technology can allow road vehicles to consume less fuel and accelerate much faster than conventional engines and provide long-lasting, uninterrupted power supplies for commercial use.

Founded in 2007, Flybrid describes itself as a the “leading” provider of these products and currently holds 90 patents for them.

Its parent company Totorak, an automative engineering company, appointed administrators from Deloitte in this month after trading of its shares on the London Stock Exchange were suspended on 7 December. Despite attempts to secure refinancing for the company to address money troubles, efforts were not successful.

Allen and Edwards say they are prioritising a sale of Flyrbid as a going concern, and have encouraged any interested parties to get in contact as soon as possible.

Allen added: “We believe the Intellectual Property owned by this company has real potential. We are now urgently seeking a buyer to allow the core of the business to continue.”


Share this article



Latest Businesses for Sale

Printed Packaging Manufacturer
London, South East, UK

Long established with strong brand identity. High Levels of repeat business. Continually expanding customer base. Offers invited.

Asking Price: Offers Invited
Turnover: £847,000

Industrial & Elevator Door Engineering
South of England, UK Wide

Very High profile customer base. Framework agreement with world's leading elevator manufacturer. Outstanding track record . Exciting expansion opportunity. Offers invited.

Asking Price: Offers Invited
Turnover: £925,000

Automotive Development & Tuning Business (Fast Sale)
UK Wide

For Further Information: All enquires including requests for a non-disclosure agreement (NDA), should be directed to the below together with Your Name, Registered Company Name and Contact Number: Unconditional offers together with proof of funds to b...

Asking Price: Offers Invited
Turnover: £445,000


View more businesses for sale

News Search

Latest News

 
19
 
Jan
 

Luxury lodging group enters administration | ADMINISTRATION

An Essex-based company which operates eight luxury lodge par...

 
17
 
Jan
 

Fine paper business enters administration | ADMINISTRATION

Arjowiggins UK, which operates a number of trading companies...

 
15
 
Jan
 

Hawk Plant enters administration | ADMINISTRATION

The Shropshire company, that has previously undertaken landm...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
19
 
Jan
 

Luxury lodging group enters administration | ADMINISTRATION

An Essex-based company which operates eight luxury lodge par...

 
17
 
Jan
 

Fine paper business enters administration | ADMINISTRATION

Arjowiggins UK, which operates a number of trading companies...

 
15
 
Jan
 

Hawk Plant enters administration | ADMINISTRATION

The Shropshire company, that has previously undertaken landm...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources