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 Suzuki Swace estate launched on UK market
News

New Suzuki Swace estate launched on UK market

Based on the Toyota Corolla Touring Sports, the Suzuki Swace estate comes to the UK
11 Nov 2020
All-new Renault Kangoo van unveiled ahead of 2021 launch
Renault Kangoo ZE Concept - show pic
Renault Kangoo

All-new Renault Kangoo van unveiled ahead of 2021 launch

First images of the third-generation Renault Kangoo panel van - which will soon square-up to the new Volkswagen Caddy
12 Nov 2020
How to transfer a number plate from one car to another
MINI number plate change
Tips & advice

How to transfer a number plate from one car to another

Need to know how to transfer a number plate between vehicles? Our step-by-step guide breaks it down
22 Nov 2020