I worked there in the early 90's when a French team stitched them up over a F1 chassis, leading to a few of us being shown the door to save money, there were some good guys there then, and a some right tts as well.

No real secret what they've worked on is there ?, one of the chassis I worked on was a Nissan, and top lurking by the way .

I really hope they find a buyer. We produced some parts for them in January, have been chasing payment for the last few months with just getting fobbed off with the normal waffel only to read about this on the bbc website - great !!

I must admit I don't understand it as when we last spoke to them they'd sold quite a few cars & it was going to be a push as to whether they would get them completed or not

As a Chartered Accountant achieving R & D Tax credits/enhanced Corporation Tax relief, for a number of my client's I find it incredible that Lola are partially blaming HMRC for their non payment. Non payment of R & D tax credits on qualifying expenditure that meets HMRC's clearly defined criteria, is not possible. Clearly Lola's R & D spend does not meet the criteria set out. Pure specualtion on my part but, may I suggest that in previous tax years Lola has met the criteria and they have assumed therefore that similar expenditure would meet the criteria each year, thus triggering the refund. This is not the way to proceed with an R & D tax credit claim. Each claim is assessed on its own merits, IRRESPECTIVE, of what was agreed the previous year.

Despite what Lola have said, I cannot believe R & D tax Credits (non payment thereof) are a reason for their downfall, sad though it is.

Blaming HMRC staff in Cardiff serves no purpose at all.

Who will lose out ?, suppliers and shopfloor usually, the moneymen know what's coming and have protected themselves I suspect.

Great idea - would give more too

I was lucky enough to do three days work experience there in Feb 2000 as a squeaky sixth former shadowing the genius Ben Bowlby and Craig Wiggins. I found it totally fascinating. Would be very sad to lose Lola.

I'm so sorry to hear this. We turned up at the factory in the late 90's to buy the moulds for our T200 (they were in the back, with a tree growing through the cockpit) for tiny money, but the guys we met took us on a full factory tour and spent loads of time with us (I seem to remember they had Mansell's crashed Indycar tub there). And they also made the T70, one of my favourite cars ever.

I do hope someone saves them, and that the person who does has a proper appreciation of their history. Eric Broadley was a genius!

I have prayed for them, seems the best i can do