New TVR still under wraps! (Vol. 2)
Discussion
pole said:
That’s just outside The Parrot pub at Forest Green in Surrey. Nice Sound......The Parrot
Horsham Rd, Forest Green, Dorking RH5 5RZ
01306 775790
https://goo.gl/maps/W6sKScLeH2LE9Jjv9
phazed said:
pole said:
That’s just outside The Parrot pub at Forest Green in Surrey. Nice Sound......The Parrot
Horsham Rd, Forest Green, Dorking RH5 5RZ
01306 775790
https://goo.gl/maps/W6sKScLeH2LE9Jjv9
So from Croydon go down to Purley and head off to Kenley, then Whyteleaf, then into Caterham. This took you past Bell & Colville (Lotus), past a two story car showroom in Whyteleaf which sold exotics, and then up the hill in Caterham which took you to Caterham Car Sales. I bought my first car from them, and worked for them for a brief period. This was just before they were given the rights to build the Lotus 7. They were also a TVR agent, and I well remember Tuscans and Vixens crated in (in kit form), assembled in the workshop then driven away by their proud new owners. For me, they were happy days 
baconsarney said:
So from Croydon go down to Purley and head off to Kenley, then Whyteleaf, then into Caterham. This took you past Bell & Colville (Lotus), past a two story car showroom in Whyteleaf which sold exotics, and then up the hill in Caterham which took you to Caterham Car Sales. I bought my first car from them, and worked for them for a brief period. This was just before they were given the rights to build the Lotus 7. They were also a TVR agent, and I well remember Tuscans and Vixens crated in (in kit form), assembled in the workshop then driven away by their proud new owners. For me, they were happy days
Portman Lamborghini were in the two storey showroom in Whyteleafe in the early/mid 70'sEdited by DavidY on Friday 17th July 08:47
Latest Update from TVR 16th July 2020.
We're back in Circulation....
It is with considerable relief that we are all now starting to emerge from lockdown and we sincerely hope that you are in fine spirits. Our grateful thanks for the many messages of support received throughout the pandemic, to which we have endeavoured to respond individually wherever possible!
Obviously, the last few months have been incredibly difficult for us all: we closed our offices mid-March and have been working remotely since, making good progress on a number of fronts, so can only apologise for our apparent radio silence.
Post-lockdown we have been starting to get out and about more in the Griffith, and it continues to delight on every front – both us, and those experiencing it for the first time.
I won’t repeat the superlatives we’ve shared before, but suffice to say that as COVID-19 restrictions continue, we hope, to relax, we simply can’t wait to get it out and about all over the country and in front of as many of you as possible – we’ve sorely missed the various TVRCC and other events that had to be cancelled, and are raring to ink replacement dates in the diary. We really look forward to catching up with as many of you as possible on these occasions.
A new face
We were delighted to welcome Garry Clarke, our new CFO, who started with us on 1st March. Garry brings a great breadth of experience from a variety of sectors, including a long and very successful period at Triumph motorcycles. I’ll let him describe his first few months in his own words:
“The passion and the enthusiasm for the Brand and the product was obvious during the interview process and has continued undaunted into the first 3 months of joining the team, notwithstanding the considerable challenges and unprecedented times within which we are operating. A mixture of excitement and frustration probably sums it up best! Excited about the Brand and product resurrection; the prototype Griffith which many would be hard pushed to believe it is only prototype given how complete it is. Frustration because financing and pre-production plans have been caught up in the unusual and less than supportive climate within which we operate – any pre-revenue business will recognise that all the financial support immediately forthcoming was geared to ongoing businesses and the larger employment protection agenda.
Our life at TVR has been made more complicated and more challenged as market investors suffered initially and largely withdrew from general investment which had a knock-on effect in the market – leading to delays in our planned Bond and Equity investment plans. We have worked doubly hard to get this back on track whereas it was very much the hope we would be commencing the preproduction work bringing the manufacturing and delivery of the vehicles much closer. If it were not for the quality, calibre and confidence of the leadership team I may be asking of my decision to join “what have I done?!” Having previously worked through recession, banking crisis and now a pandemic, I feel well placed to use all the experience gained to play my part in getting TVR on the road!…”
All about the Bond
Not James, but you may have seen in the media, particularly Autocar, and as just mentioned by Garry that we now have a bond on the Irish Stock Exchange, the largest bond market in Europe. We’ve done this to raise additional funds to support the final development of Griffith, the preparation of production tooling and the factory fit-out. We’ve got some chunky engineering work to be done, for example ABS calibration, building prototypes for durability and crash testing plus the highly-regulated emissions testing and homologation process, which has to be done using external test partners.
You’ll recall from previous updates that we have come close to agreeing some major investments which would have catapulted us towards production, both within the automotive sector and more widely / internationally, but for one reason or another none of these opportunities, once pursued in depth, have ultimately met our criteria – principally, the suitors have generally lacked the singularity of vision or have wanted to dilute our offering. Thus we have settled on the bond, a financial mechanism used by virtually all car companies globally (from Aston Martin to McLaren to BMW to Toyota), as the most appropriate mechanism for this stage of our journey towards production.
Naturally, the bond is aimed at sophisticated investors (HNWIs) and institutions, and has been well received by the investment market.
A few of you have already asked whether you can participate, both for the attractive return it offers, and as an additional measure of support for TVR; the short answer is ‘yes’ – while we have not sought actively to market it to Depositors or via the TVRCC, it is very much open for those who may wish to participate.
News from Wales
Our partners at the Welsh Government submitted their planning application to renovate the Techboard facility at the beginning of March. Since then, they’ve clearly been focused on responding to the COVID-19 crisis, with both effort and budget being concentrated on our fabulous NHS. Nevertheless, they are pushing the process where practicable, we’re just as keen as you are to learn when work will start and then we’ll be able to tell you when production of Griffith will commence
Stay safe, and we look forward to being in touch again as soon as possible,
All the best,
Les
TVR Manufacturing Ltd
We're back in Circulation....
It is with considerable relief that we are all now starting to emerge from lockdown and we sincerely hope that you are in fine spirits. Our grateful thanks for the many messages of support received throughout the pandemic, to which we have endeavoured to respond individually wherever possible!
Obviously, the last few months have been incredibly difficult for us all: we closed our offices mid-March and have been working remotely since, making good progress on a number of fronts, so can only apologise for our apparent radio silence.
Post-lockdown we have been starting to get out and about more in the Griffith, and it continues to delight on every front – both us, and those experiencing it for the first time.
I won’t repeat the superlatives we’ve shared before, but suffice to say that as COVID-19 restrictions continue, we hope, to relax, we simply can’t wait to get it out and about all over the country and in front of as many of you as possible – we’ve sorely missed the various TVRCC and other events that had to be cancelled, and are raring to ink replacement dates in the diary. We really look forward to catching up with as many of you as possible on these occasions.
A new face
We were delighted to welcome Garry Clarke, our new CFO, who started with us on 1st March. Garry brings a great breadth of experience from a variety of sectors, including a long and very successful period at Triumph motorcycles. I’ll let him describe his first few months in his own words:
“The passion and the enthusiasm for the Brand and the product was obvious during the interview process and has continued undaunted into the first 3 months of joining the team, notwithstanding the considerable challenges and unprecedented times within which we are operating. A mixture of excitement and frustration probably sums it up best! Excited about the Brand and product resurrection; the prototype Griffith which many would be hard pushed to believe it is only prototype given how complete it is. Frustration because financing and pre-production plans have been caught up in the unusual and less than supportive climate within which we operate – any pre-revenue business will recognise that all the financial support immediately forthcoming was geared to ongoing businesses and the larger employment protection agenda.
Our life at TVR has been made more complicated and more challenged as market investors suffered initially and largely withdrew from general investment which had a knock-on effect in the market – leading to delays in our planned Bond and Equity investment plans. We have worked doubly hard to get this back on track whereas it was very much the hope we would be commencing the preproduction work bringing the manufacturing and delivery of the vehicles much closer. If it were not for the quality, calibre and confidence of the leadership team I may be asking of my decision to join “what have I done?!” Having previously worked through recession, banking crisis and now a pandemic, I feel well placed to use all the experience gained to play my part in getting TVR on the road!…”
All about the Bond
Not James, but you may have seen in the media, particularly Autocar, and as just mentioned by Garry that we now have a bond on the Irish Stock Exchange, the largest bond market in Europe. We’ve done this to raise additional funds to support the final development of Griffith, the preparation of production tooling and the factory fit-out. We’ve got some chunky engineering work to be done, for example ABS calibration, building prototypes for durability and crash testing plus the highly-regulated emissions testing and homologation process, which has to be done using external test partners.
You’ll recall from previous updates that we have come close to agreeing some major investments which would have catapulted us towards production, both within the automotive sector and more widely / internationally, but for one reason or another none of these opportunities, once pursued in depth, have ultimately met our criteria – principally, the suitors have generally lacked the singularity of vision or have wanted to dilute our offering. Thus we have settled on the bond, a financial mechanism used by virtually all car companies globally (from Aston Martin to McLaren to BMW to Toyota), as the most appropriate mechanism for this stage of our journey towards production.
Naturally, the bond is aimed at sophisticated investors (HNWIs) and institutions, and has been well received by the investment market.
A few of you have already asked whether you can participate, both for the attractive return it offers, and as an additional measure of support for TVR; the short answer is ‘yes’ – while we have not sought actively to market it to Depositors or via the TVRCC, it is very much open for those who may wish to participate.
News from Wales
Our partners at the Welsh Government submitted their planning application to renovate the Techboard facility at the beginning of March. Since then, they’ve clearly been focused on responding to the COVID-19 crisis, with both effort and budget being concentrated on our fabulous NHS. Nevertheless, they are pushing the process where practicable, we’re just as keen as you are to learn when work will start and then we’ll be able to tell you when production of Griffith will commence
Stay safe, and we look forward to being in touch again as soon as possible,
All the best,
Les
TVR Manufacturing Ltd
phazed said:
You think they’d make more of an effort!
No news would’ve been better. We know exactly where everyone stands. This is just whitewash.
Much prefer talking about prog rock in Croydon. In the Land of Grey and Pink - Love to Love You (and tonight pigs will fly) seems appropriate. No news would’ve been better. We know exactly where everyone stands. This is just whitewash.
N7GTX said:
Much prefer talking about prog rock in Croydon. In the Land of Grey and Pink - Love to Love You (and tonight pigs will fly) seems appropriate.
Absolutely. Many times I left a gig at the Greyhound in central Croydon where the music was so loud that my ears had such a loud ringing in them but I couldn't hear the engine at all on my BSA Lightning with straight through pipes! No wonder I suffer from tinnitus now!
Great days............
I will continue removing the springs on my P38 in readiness for fitting the air springs. I love fiddling about.
(click to open it up)
Nice!
My first two wheel project was a Lambretta Li150. Previous owner had had it bored out to 200cc but no other mods... so, barrel off and ported, cut down the piston skirt, got the head skimmed (Supertune were just down the road) sourced an Amal manifold and the carb off a 650 Bonneville... cut a hole in side panel for the bell mouth to stick out of.. finished off with a second hand Ancelloti racing box.. modifying... it’s a disease I tell you
My first two wheel project was a Lambretta Li150. Previous owner had had it bored out to 200cc but no other mods... so, barrel off and ported, cut down the piston skirt, got the head skimmed (Supertune were just down the road) sourced an Amal manifold and the carb off a 650 Bonneville... cut a hole in side panel for the bell mouth to stick out of.. finished off with a second hand Ancelloti racing box.. modifying... it’s a disease I tell you
Ha. My first bike was a 1959 Lambretta LI150 bored out to 175cc complete with an Ancelloti racing seat and exhaust and was still as slow as f
k!
My lightning was actually the later 1973 oil in frame model. The same engine but much taller which suited my 6 foot two frame.
Exactly the same as mine but a Google image.
k!My lightning was actually the later 1973 oil in frame model. The same engine but much taller which suited my 6 foot two frame.
Exactly the same as mine but a Google image.
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