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.”

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...

Most Popular

New all-electric Hyundai Ioniq 5 arrives to take on Tesla
Ioniq 5 - front
Hyundai

New all-electric Hyundai Ioniq 5 arrives to take on Tesla

The new Ioniq 5 – the first model from Hyundai’s all-electric sub-brand – takes design influence from the 45 Concept and will be offered with two batt…
23 Feb 2021
Volkswagen Golf GTI ‘Edition 45’ anniversary model leaked
Volkswagen Golf GTI 'Edition 45' - front
Volkswagen Golf GTI Hatchback

Volkswagen Golf GTI ‘Edition 45’ anniversary model leaked

The Volkswagen Golf GTI will soon get a new special edition model to celebrate its Sapphire anniversary
23 Feb 2021
New Dacia Sandero Stepway Bi-Fuel 2021 review
Dacia Sandero Stepway - front
Dacia Sandero Stepway

New Dacia Sandero Stepway Bi-Fuel 2021 review

At just under £11k, the new Dacia Sandero Stepway is one of the best value-for-money cars on the market
24 Feb 2021