Zytek

[Great Dane]

I just checked their website and there is no mention that they are in administration (as there was before on the first page) Does that mean they survived ? and will they be racing again?

[rubystone]

Great Dane said:

I just checked their website and there is no mention that they are in administration (as there was before on the first page) Does that mean they survived ? and will they be racing again?

Aren't they owned by LNT?

[Broomsticklady]

Zytek Engineering was part owned by Lawrence Tomlinson (LNT). Ginetta made an announcement about Zytek Engineering going into administration on 15 October last year, and the announcement also said that Lawrence had initiated a law-suit against Bill Gibson.

There has been no real news since but, if you want to know more about the business background behind the dispute, you can read the formal 'Insolvency Notice' at http://www.senaterecovery.com/ImageHandler.ashx?id...

Edited by Broomsticklady on Friday 21st January 21:24

[skeggysteve]

Very interesting read Ms. Broomstick, thanks.

Side notes:

I puchased two core plugs for a DFV from Alan Smith about 20 years ago, two c one inch bits of alloy with an 'o' ring groove - my memory is't that good but I think they cost me £40 each!

Have a look at page 7 section 9.3.
Average costs of £330.26.
Leaches.

[davepoth]

skeggysteve said:

Very interesting read Ms. Broomstick, thanks.

Side notes:

I puchased two core plugs for a DFV from Alan Smith about 20 years ago, two c one inch bits of alloy with an 'o' ring groove - my memory is't that good but I think they cost me £40 each!

Have a look at page 7 section 9.3.
Average costs of £330.26.
Leaches.

£330 an hour isn't that bad if you have a couple of solicitors, an accountant and an administrator or two on the case. Remember they have to make a profit somewhere.