Prestigious brand Bristol Cars has finally succumbed to financial pressure and winding up proceedings brought by Her Majesties Revenue & Customs. A Winding Up Order was made against five group Companies on 22 January 2020 swiftly followed by an application to rescind the Order. This application was finally dismissed on 28 February.
Jeremy Frost and Patrick Wadsted of Frost Group Ltd were appointed Joint Liquidator with effect from 3 February 2020.
The Brand, was founded in 1910 by George White and was the first aircraft works in the United Kingdom to be organised and financed on an industrial scale. The company was planning to manufacture motor cars from as early as 1941 and were known for their bespoke manufacturing and high-quality models. Sadly, despite significant ongoing investment Bristol Cars has been unable to generate new product lines to allow them to flourish in the future.
Jeremy Frost commented:
It is with regret that we have seen another iconic UK brand failing to deliver in a changing world. We have already received numerous enquires relating to the Companies assets and we are hopeful that we will be able to salvage some value for Creditors as well as allow some memory of a former giant of British Industry to remain. He continued that the Joint Liquidators would continue to view Creditors as a priority as they look to realise the Companies Assets.
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