British luxury brand Bristol Cars enters administration

British luxury brand Bristol Cars enters administration

Luxury car manufacturers have been doing it pretty tough for the last couple of years with some continually struggling to survive. The latest casualty appears to be ultra-exclusive luxury sports car manufacturer Bristol which has gone into administration after running into serious financial strife.

According to the BBC, Tom MacLennan and Trevor Binyon of RSM Tenon have been named joint administrators of the English marque, which has been selling its exotic machines through a single showroom in London since 1946.

The company was made famous by its Blenheim and Fighter sports cars but was originally an aircraft manufacturer. After World War II, Bristol switched from planes to cars and gained notoreity as a low-volume builder of bespoke rides for the British high classes.

All is not lost for Bristol just yet and the new company administration is trying to find investors that are confident the brand can be saved. With the prestige of the brand and its history as a uniquely English product keen investors might inject some much needed capital. Despite the company’s current problems and resulting loss of staff, sales and service will continue so existing customers are taken care of.

Luxury car manufacturers have been doing it pretty tough for the last couple of years with some continually struggling to survive. The latest casualty appears to be ultra-exclusive luxury sports car manufacturer Bristol which has gone into administration after running into serious financial strife.

According to the BBC, Tom MacLennan and Trevor Binyon of RSM Tenon have been named joint administrators of the English marque, which has been selling its exotic machines through a single showroom in London since 1946.

The company was made famous by its Blenheim and Fighter sports cars but was originally an aircraft manufacturer. After World War II, Bristol switched from planes to cars and gained notoreity as a low-volume builder of bespoke rides for the British high classes.

All is not lost for Bristol just yet and the new company administration is trying to find investors that are confident the brand can be saved. With the prestige of the brand and its history as a uniquely English product keen investors might inject some much needed capital. Despite the company’s current problems and resulting loss of staff, sales and service will continue so existing customers are taken care of.

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