As many of you are aware, Bloodhound Project Ltd went into administration in October 2018 due to lack of funds to maintain the project's monthly overheads. By early December, it was announced that the project was facing immediate closure and plans were put in place by the Administrators to sell off the remaining assets including the car for scrap value.
Following this announcement, a series of very fortunate circumstances led to the purchase of the assets and intellectual property by an Engineering enthusiast. The purchase included the car itself, the rights to the design of the car and the associated intellectual property. A new company was formed called Grafton LSR Ltd which is the new legal owner of Bloodhound.
Since this date, the new owner has been busy working behind the scenes with a core team to work out if its possible to save the land speed record project with new sponsors and partners. We have been deliberately quiet as we go about this process, but can assure you that there has been a lot of activity behind closed doors.
At the time of writing, the survival and restart of the project is looking very promising… but we still have some work to do…
A heartfelt thanks for the overwhelming number of supporters and goodwill messages for the project.
During this period, please direct any business enquiries to email@example.com.
… and stand by for further announcements…
Bloodhound Education is a separate registered charity and is continuing to inspire children in schools and promote STEM subjects. Over 36,000 young people were reached in events in 2018. See www.bloodhoundeducation.com for more details or to book a STEM event.