TVR Engineering Limited - results

[griff2be]

Before you groan and say, not another 'why are their accounts late' thread, they have now filed the 2001 accounts - and, steady now, the 2002 accounts too!

A very quick summary is

Turnover:
2000 £33.0m
2001 £24.7m
2002 £24.4m

Profit/loss before tax
2000 £734k loss
2001 £1,444k loss
2002 £392k profit

Cash outflow before financing (i.e. before money in from loans)
2000 (£2,139k)
2001 (£2,140k)
2002 (£796k)

So there you go - unsurprisingly sales down in a difficult market (2001 and 2002), cost savings made and returned to profitability (2002), cash consuming - although cash requirement less in the most recent year.

[bobski]

Come on you lot - get buying!

[jigs]

No - stop buying. Profits have risen as production has fallen. It must be all those Speed Six rebuilds. Oh finger followers.

[Alf Essex]

jigs said: No - stop buying. Profits have risen as production has fallen. It must be all those Speed Six rebuilds. Oh finger followers.

Well there's always one!!

[tuscan_s]

jigs can you just shut up, sit on your finger followers and swivel.

[RichB]

tuscan_s said: jigs can you just shut up, sit on your finger followers and swivel.

I know doing this goes against my policy but please allow me just this once... Rich...

[the dodger]

tuscan_s said: jigs can you just shut up, sit on your finger followers and swivel.

[jigs]

Just giving you the benefit of my economical analysis of TVR's past three years turnover and profit info.

Methinks that mention of Speed Six rebuilds and finger followers touched some raw and painful nerves. I don't have any finger followers to swivel on as I'm a Griffith V8 owner. However I believe there may be plenty of worn ones out there if I ever feel the need to swivel.

[Big_M]

tuscan_s said: jigs can you just shut up, sit on your finger followers and swivel.

Yeah man - git jiggy wivit

[jigs]

Good one, Debs - do you do the Bosa in your Nova?

[Big_M]

jigs said: Good one, Debs - do you do the Bosa in your Nova?

All the time sweetie

[jigs]

Suppose you and Casa are at it all the time
- Bosanova with Casanova in Deb's Nova that is.

[andyvdg]

I guess the hope is the cash outflow will go positive in 2003 ? How much are they spending on Le Mans ?

[Ballistic Banana]

andyvdg said: I guess the hope is the cash outflow will go positive in 2003 ? How much are they spending on Le Mans ?

Enough to get world wide publicity for when they open up the otherside of the pond in the new world.

BB

[jigs]

Let's hope they get the right kind of publicity from a 'good' Le Mans! Let's all keep our finger followers crossed.

[steve-p]

Turnover:
2000 £33.0m

Was 2000 the record, turnover wise?

[Graham]

has anyone got the Ford, GM or Lotus results to to compare them to.... Im sure TVR look very favourable in comparison.