ARC Vehicle Limited (10702899): administration
- Status
- Administration ended
- Administration began
- 2019-09-04
- Administrators
- David Craig Griffiths, Joph Young
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2017-04-03
- Location
- Birmingham
- Industry
- 29100 Manufacture of motor vehicles
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
in 2016, Jaguar Land Rover's (“JLR’) innovation arm began development of battery powered motor bike. The basic concept resulted in a working prototype. Mark Truman, a director of the Company and former head of JLRs’ tadical innovation team, subsequently founded the Company in early 2017, with the objective of bringing the design to a production version, before further developing the business model into adjacent segments.
The Company was incorporated on 3 April 2017, and commenced trading with the goal of becoming the market leader in the electric recreational vehicle industry. The Company began creating electric recreational vehicles based on innovation and ground breaking battery technology.
The Company traded from a licenced premises at The Priory Barn Priory Road, Wolston Coventry CV8 3FX.
Administrators' statement of proposals (2019-10-16) · Companies House register