Advertisement

UK's Zenos Cars enters administration after "cancelled exports"

Norfolk-based lightweight sports car manufacturer Zenos shuts up shop, blaming recent downturn in trade

Zenos E10 review - rear cornering 2

Zenos Cars, the company behind hardcore Lotus-rivalling sports cars like the E10S, has released a statement confirming it has entered administration. According to the Norfolk-based outfit, a "recent downturn in trade" was the primary reason for the decision.

The statement says the administrators were appointed "after cancelled export orders in late 2016 resulted in a shortfall in funding, forcing the business to cease trading.”

Advertisement - Article continues below

Zenos E10 R review

Managing Director Mark Edwards, formerly of Caterham and Lotus, said "It is with great disappointment that the board has had to take this step. We still believe that our products offer unrivalled affordable fun and we have already made very good progress in developing the next product in our strategy".

Edwards, alongside fellow ex-Lotus employee Ansar Ali, formed Zenos Cars in 2012. Ali left the company in 2015 to join McLaren, with Edwards leading the company since then.

Best track day cars

Begbies Traynor, the appointed administrators have stated they are "currently open to speaking with parties interested in securing a future for the business". 

What's your view on the problems at Zenos? Let us know in the comments...

Advertisement
Advertisement

Most Popular

New Skoda Octavia vRS line-up completed as petrol and diesel models arrive
Skoda Octavia vRS Hatchback

New Skoda Octavia vRS line-up completed as petrol and diesel models arrive

Skoda has unwrapped the complete Octavia line-up, which now offers a choice of petrol, diesel or plug-in hybrid powertrains
3 Jul 2020
New 2020 Ford Puma ST teased for the first time
Ford Puma

New 2020 Ford Puma ST teased for the first time

The sporty new Ford Puma ST will make its debut later this year, with the same 197bhp 1.5-litre three-cylinder engine as the Fiesta ST
3 Jul 2020
New Vauxhall Corsa-e 2020 review
Vauxhall Corsa-e hatchback

New Vauxhall Corsa-e 2020 review

The all-electric Vauxhall Corsa-e boasts up to 134bhp and a 209-mile range, but rivals offer better value for money
3 Jul 2020