New TVR still under wraps! (Vol. 2)

[skwdenyer]

V6 Pushfit said:

Someone needed to say this.

The hope I presume is that a pension fund or similar that are into higher risk investments would invest without a second thought. Or at least on face value on the ‘prospectus’.

So if the box you ticked when pension planning was for a % to go into high risk then this is the type of venture it may be invested in.

I’m checking my policies tonight and changing them to Ned/low risk in case my pension providers can’t differentiate between ‘high risk’ and ‘throwing away’.

The only good news for a potential investor is that, instead of delinquent loans (the article talks about facilities having "expired" which means they'd simply not repaid them), there is now a 2-3 year runway. That at least takes away some of the immediate creditor pressure.

I note also that the leasehold property Lister House has once again been pledged as security, so I presume they have a long leasehold on it. If they've "closed that office" are they instead letting it out to help cover a few bills?

[N7GTX]

The building called Lister House is, I think, now called Griffith House, Walliswood Green. Abinger RH5 5RD (same postcode for both names).
This is TVR head office and where they keep the new car and a couple of older ones.

You can just see the new car in the showroom window on street view. (the lane next to the telephone box on the road through the village).

https://www.google.com/maps/@51.1322437,-0.4020742...

[phazed]

About 3–4 miles from me. I need to take a spin down there and have a look see again.

As Iain said, The car has been in the showroom for some time with the original mock up white car.

[frontfloater]

The people in that detached and previously isolated house next door must be SO glad a TVR development building opened up right next to them .... !

[glow worm]

frontfloater said:

The people in that detached and previously isolated house next door must be SO glad a TVR development building opened up right next to them .... !

I think they'll only find it as a short term inconvenience

[N7GTX]

glow worm said:

frontfloater said:

The people in that detached and previously isolated house next door must be SO glad a TVR development building opened up right next to them .... !

I think they'll only find it as a short term inconvenience

Lol.

It was previously called Smiths Garage many years ago. There is a covenant in the title deeds expressly prohibiting vehicle nuisance to the neighbours; no bus or lorry depot; no scrapyard or vehicle dismantling. And no gipsies to be allowed to camp on the said land.

(The registered owners are two Isle of Man based companies and the price paid was £500,000 in 2014)

Edited by N7GTX on Saturday 13th February 23:48

[bad company]

I take a look at this thread every year or so, I’m amazed it’s still going on really.

Does anyone really still believe that we’ll actually see new TVR?

[Classic Chim]

bad company said:

I take a look at this thread every year or so, I’m amazed it’s still going on really.

Does anyone really still believe that we’ll actually see new TVR?

Too early to tell, still in the raising finance stage!

[Classic Chim]

Exciting news.
Seen the glorious Sagaris on Facebook that’s got a German V10 engine fitted.
That’s a very exciting project.

Now that would work for me

[bad company]

Classic Chim said:

Too early to tell, still in the raising finance stage!

I’ll hang into my classic ish Chim then.

[dvs_dave]

Classic Chim said:

Exciting news.
Seen the glorious Sagaris on Facebook that’s got a German V10 engine fitted.
That’s a very exciting project.

Now that would work for me

Jesus wept. Some nutjob has decided to transplant a Speed Six with a BMW V10; literally THE most chocolate engine ever created.

He’s clearly heavily into BDSM

[rev-erend]

dvs_dave said:

Classic Chim said:

Exciting news.
Seen the glorious Sagaris on Facebook that’s got a German V10 engine fitted.
That’s a very exciting project.

Now that would work for me

Jesus wept. Some nutjob has decided to transplant a Speed Six with a BMW V10; literally THE most chocolate engine ever created.

He’s clearly heavily into BDSM

[Classic Chim]

dvs_dave said:

Jesus wept. Some nutjob has decided to transplant a Speed Six with a BMW V10; literally THE most chocolate engine ever created.

He’s clearly heavily into BDSM

Haha,,, yes this is true which is why it’s so ironic.
It’s when they have been subjected to high mileage and poor maintenance apparently.
He has spare engines and obviously knows the tech involved and it’s hardly likely to be a motorway munching car as he is also reducing the Dif gearing considerably.
It’s using the paddle shift gearbox too.
Might be the fastest TVR in the west mate

[markcoopers]

So tree actually is work going on at the Wales site? is that not a significant milestone, or is this work being done by the Welsh government to employ welsh people and then sell the factory with a new roof later?

[Classic Chim]

markcoopers said:

So tree actually is work going on at the Wales site? is that not a significant milestone, or is this work being done by the Welsh government to employ welsh people and then sell the factory with a new roof later?

I’d say that’s absolutely what’s happening. The investment in the road system that feeds this area is huge and been going on since before TVR entered the fray so as this is virtually the first easily accessible industrial estate on the route that also has a large population on its door step and factory visible from the main roadside so half of Wales will eventually see it. A bit like Prodrive who cleverly use a site visible from a very busy motorway system clever thinking indeed so this site if we had the world we had 5 years ago was a very good idea.
Wether TVR or anyone else gets to use it in the near future is another question.

[N7GTX]

The repairs and roof are nothing to do with TVR, that's the Welsh Govt's decision. The significant milestone will be when/if TVR start fitting out the factory which is their responsibility. The last government statement was non-committal that it was definitely TVR who would move in. They said it would be ideal for TVR; not that it was for TVR. And TVR have said the take up of the bond issue has not met their aspirations.
So some more waiting......

[silentbrown]

N7GTX said:

The repairs and roof are nothing to do with TVR, that's the Welsh Govt's decision.

I expect it was a close call between fixing the roof and bulldozing the site, looking at the photos.

[Tyre Tread]

silentbrown said:

N7GTX said:

The repairs and roof are nothing to do with TVR, that's the Welsh Govt's decision.

I expect it was a close call between fixing the roof and bulldozing the site, looking at the photos.

You haven't spent much time in Wales have you. That's a "modern" "high end" facility compared to most.

[Classic Chim]

Tyre Tread said:

You haven't spent much time in Wales have you. That's a "modern" "high end" facility compared to most.

Yeah it’s very sad to see the huge wealth the coal created by fuelling the industrial revolution was never invested back in the place.

[Tyre Tread]

Classic Chim said:

Tyre Tread said:

You haven't spent much time in Wales have you. That's a "modern" "high end" facility compared to most.

Yeah it’s very sad to see the huge wealth the coal created by fuelling the industrial revolution was never invested back in the place.

Lots of discussion over supply and demand in world markets and the development of industries within national and international markets could be had but it wouldn't change the current situation and probably isn't appropriate to the thread.

It may be sad but it is what it is.

I'm sure the Welsh Govt. and people will welcome the new investment from outside of Wales.