TVR Back In British Hands: Report

TVR has reportedly been sold to a British entrepreneur, according to reports out of Europe this week.

British magazine Autocar reports that Russian banker Nikolai Smolensky has sold the rights to make TVR cars and components “some weeks ago” to a company fronted by Mr Les Edgar, a Surrey-based entrepreneur.

The TVR website has been suggesting a comeback from the carmaker for weeks, with the website previously stating:

"We support all owners of TVR sports cars by ensuring supply of spares and the development of alternative drive trains. Nevertheless at the moment we do not manufacture new cars. Any such claims in various media are fake."

This statement changed this week to “never say never” and today, the website says “roaring back”.

Mr Smolenski acquired TVR in 2004 for a sum believed to be 15 million pounds ($AU 24.5 million) but upon revealing that he has sold the name, the Russian banker wouldn’t reveal the sale price.

Interestingly, a private company identified as “TVR Motor Cars Ltd” was incorporated in Britain in April, and is currently described by Companies House (a registrar of British companies) as “active”.

Apparently a Leslie Edgar, of Dorking, is listed as director of both “TVR Manufacturing Ltd” and “TVR Automotive Ltd”.

Keep watching TMR for more TVR news, and see our earlier article for a look at the badge's history.

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