Last Monday 27 employees of Bristol Cars Ltd passed through these gates on their way to work.
This morning only 5 employees will return through these gates as the manufacturing arm of Bristol Cars Ltd has been placed into administration with RSM Tenon.
Tom Maclennan of RSM Tenon is quoted as saying ” There have been a number of immediate redundancies due to the financial position of the company, (but) we are maintaining the sales and service operations so customers will continue to be supported.”
Though not without some criticism over the way the company has been run in the past, there has been a significant amount of support for Bristol Cars Ltd on the internet, in the light of this unfortunate development, from owners and non owners alike as evidenced by threads on pistonheads.com, The Nostalgia Forum and particularly on the Bristol Owners Club forum where members recall many of the Bristol Cars Ltd team with fondness having known them for many years.
One member of the Bristol Owners Club, Teb Marius from the Netherlands with professional experience in handling these types of financial situations is calling for professional assistance from members and non members in the UK to investigate the possibility putting together a Bristol Owners Club led Consortium to negotiate a viable future for Bristol Cars Ltd with the administrators. Send Teb an e-mail if you can offer any such professional assistance.
Alternatively for anyone with the financial muscle who wants make a bid for the manufacturing division of Bristol Cars Ltd, Tom MacLennan and Trevor Binyon at RSM Tenon have been appointed joint administrators of the business and would be interested to hear from you.
In anticipation of good news about the future of Bristol Cars Ltd I hope you’ll join me again at “Gettin’ a lil’ psycho on tyres”. Don’t forget to come back now !