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.
Market-leading classic car restoration business, globally recognised for its premium vehicle restoration and reimagining of iconic Mercedes-Benz classics, including pioneering electric vehicle (EV) conversions.
An opportunity has arisen to acquire a reputable IT support and development services provider with a UK-wide client base and a proven record for innovation and resilience in the constantly evolving IT sector. Throughout its 25+ year trading history,...
The business is a specialist Land Rover spares, repairs, and servicing garage located in Shrewsbury.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.