Partners from accountants and business advisers PKF (UK) have been appointed joint administrators to Blackpool Automotive, one of the last remaining British sports car manufacturers.
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The company has been producing the TVR range of sports cars from the Fylde Coast since 1947 and has approximately 250 employees.
It has been undergoing a restructuring process since production ceased in August 2006.
In a joint statement, administrators Kerry Bailey, Matthew Gibson and Philip Long, said: “It is our intention to advertise the business for sale as a going concern and we are optimistic that a purchaser will be found in the New Year.”
TVR stopped production at its Blackpool factory last November, saying it would ousource production to unspecified locations in Europe.
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