Doubts have been cast over the comeback of Bristol Cars, after a firm of insolvency practitioners said it did not understand how planned “continuation models” will be created due to issues relating to intellectual home rights (IPR).
The rebirth of Bristol was announced in early may 2021, and with it plans for eight “remastered” cars, which would be built “following the acquisition of intellectual home rights” relating to the Bristol Fighter, Speedster and 411 series 8. These continuation automobiles would cost upwards of £495,000 each, and be fitted with 6.4-litre Chrysler Hemi V8 and eight–speed ZF automatic gearbox.
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A firm of insolvency practitioners has since put out statement, however, casting doubt over the feasibility of this action. speaking of the individual heading the relaunch, the liquidators said: “we can categorically state that whilst he has purchased certain tooling and spares at an auction of the company’s assets, he has not purchased any IPR.”
The firm continues: “What he has done is sought to revoke some BCL [Bristol automobiles Limited] trade marks for want of use. Such action has been objected to by us as Joint Liquidators of BCL and by Kamkorp Autokraft Limited, the owner of the trade marks in question.”