Bloodhound 1000MPH Speed Record Project Announces Bankruptcy And Is Promptly Saved

Andrew Sheridan and Geoff Rowley, Joint Administrators of Bloodhound Programme Ltd have released a statement revealing that they were contacted by a number of interested parties following the initial administration announcement. One of those parties, Yorkshire-based entrepreneur Ian Warhurst, has now purchased the project's assets and intends to keep it going.

"We have been overwhelmed by the passion that clearly exists for Bloodhound and are thrilled that we have been able to secure a buyer who is able to give this inspiring project a future," said Sheridan, who as well as being a joint administrator, is a partner at specialist advisory firm FRP Advisory LLP. "Ian has a strong background in managing highly successful businesses in the automotive engineering sector and he will bring considerable expertise to bear in taking the project forward. He will be outlining his plans for the project in detail early in the New Year."

PUGPROUD - 12/17/2018 12:36:39 PM

+2 Boost

Good to hear. Great to see both the engineering and push the envelop attitude proceed in efforts to set the bar even higher. A few years back I contributed along with many others a modest amount in response to a promotion and had my grandson's name put on the Bloodhound tail fin. Presented the certificate and a Bloodhound model to my grandson for his 12th birthday and he was ecstatic. Hopefully he will one day soon be able to say his name went 1,000 mph. Go for it Bloodhound!

PUGPROUD - 12/17/2018 4:44:58 PM

0 Boost

The anonymity of the web, gotta love it. Why in the world would you ding the above, a feel good story shared about my grandson. And the haters keep on hiding and keep on hating! Feel sorry for you man.