Owner of failed Derby firm which has gone under keeps supercar dream alive
Mulholland Composites recently made all of its 45 employees redundant
Updated
The Legend 480 is named after the amount of horsepower it can generate (Image: Mulholland Group)
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The entrepreneur behind a Derby high-tech precision engineering firm which recently ceased trading says his project to develop a new two-seater supercar is still on.
45 jobs lost as high-tech Derby engineering company runs out of cash
Owner blames dispute with city council
Mulholland Composites has ceased trading and 45 people have lost their jobs (Image: Derby Telegraph)
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One of Derby s best-known high-tech precision engineering firms has ceased trading, making all of its 45 employees redundant.
British composites supplier Mulholland Group announced last year its plans to build the Legend 480, its interpretation of a modern British sports car. Built from contemporary competition-derived manufacturing techniques paired to a back-to-basics V8 powertrain, many drew comparisons with TVR upon the announcement of its new Automotive division, and it’s one likely due to stick, upon the announcement its plans to reveal two further variants of the Legend 480 in 2022. This news also comes with the announcement it’s also putting together a GT4 program, and has begun development of a new EV platform too.
To get this process started though, Mulholland Automotive still needs to pull off the unenviable task of actually getting the Legend 480 on the road in a marketplace littered with enthusiastic upstarts and rebirths, one such floundering company being TVR itself. The difference here is that the Mulholland Group has plenty of experience in the high-end automotive industry – CEO Grah