Thu, 19 Jan 2017 | ADMINISTRATION
Administrators appointed to collapsed British sportscar manufacturer Zenos, whose lightweight cars featured on the latest series of Top Gear, are seeking new owners for the business.
The Norfolk-based firm, known for its E10 range of vehicles designed to offer “out-of-this-world dynamics with down-to-Earth running costs”, called in Begbies Traynor after being hit by a string of cancelled orders.
Yet there is hope a buyer will be found for the carmaker, which employs 20 people. Zenos managing director Mark Edwards said: “It is with great disappointment that the board has had to take this step.
“We still believe that our products offer unrivalled affordable fun, and we have already made very good progress in developing the next product in our strategy.”
It’s thought that a host of cancelled overseas orders late last year led to a lack of funds and forced Zenos to stop trading.
Zenos, founded in 2012, wanted to offer sports cars at affordable prices, with models starting at under £30,000. Its first car was the E10, followed by the E10 S - which was driven by then Top Gear host Chris Evans in the latest series of the motoring show - and the E10 R.
Joint administrator Irvin Cohen said: “We are currently open to speaking with parties interested in securing a future for the business and would request that any enquiries are made directly with our London office.”
View the details of the sale and make contact here
Find engineering businesses for sale.
The business for sale is a popular, independent builders’ yard/supplier specialising in a wide range of building products. Offers invited.
LEASEHOLD
This is a fantastic opportunity to acquire a long running and well-established joinery business currently serving the London area. Offers invited.
LEASEHOLD
Specialises in comprehensive dust and fume extraction solutions, providing tailor-made designs, installations and support services. Offers invited.
LEASEHOLD
|
26
|
|
Mar
|
Craft beer company goes under | ADMINISTRATION
With stores in London, Canterbury and Margate, craft beer me...
|
25
|
|
Mar
|
West Midlands transport company enters administration | ADMINISTRATION
The company behind the Ring and Ride services throughout the...
|
22
|
|
Mar
|
Scunthorpe nightclub up for sale | BUSINESS SALE
A former nightclub based in Scunthorpe has been put up for s...
Sign up to receive our acquisition alert emails to get your FREE guide
|
18
|
|
Dec
|
High street clothing chain enters administration | ADMINISTRATION
A prominent high street clothing chain has collapsed into ad...
|
10
|
|
Oct
|
Bar firm enters administration | ADMINISTRATION
Bar firm Burning Night Group, the owner of a number of Bierk...
|
06
|
|
Aug
|
Administrators called in for credit union | ADMINISTRATION
Polish Credit Union UK Limited, which launched in 2013 and h...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources