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.
Bring to the market this leasehold specialist car sales and servicing facility located in Horncastle, Lincolnshire. The trade was established as a limited company in 2005.
LEASEHOLD
The company is an online vehicle purchasing platform, providing a fast, hassle-free car-selling service for the end user. A competitor to the likes of webuyanycar.com and Motorway, the company is a well-established online vehicle purchasing platform...
Bringing to the market this denim and casual wear retailer, boating a user friendly comprehensive online presence.
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.