Saturday, November 13, 2010
Range Rover customiser Overfinch in administration
Overfinch Bespoke Vehicles, the specialist Range Rover customiser, has gone into administration.
The company, based in Farnham, Surrey, was launched in 1975 and operates in 15 territories and is best known for the Holland & Holland Range Rovers its has supplied to celebrity customers such as Jeremy Clarkson, Steven Gerrard and Colleen Rooney.
Joint administrator Lisa Hogg, from Wilson Field in Sheffield, said the company had been hit by non-trading costs.
“Over the last 35 years, Overfinch has established a reputation as the originator and leading authority in high performance derivatives of the Range Rover. Unfortunately, over the last 18 months the company has incurred significant one-off non-trading costs which have severely affected cash flow.
“We are continuing to trade the business while a purchaser is sought and we are already in talks with a number of interested parties.”
The administrator is being advised by legal firm Clarion in Leeds who is confident a buyer can be found for the business.
“Given Overfinch’s position as a world leader in its field and with its valuable intellectual property rights, we are confident that the business will be sold within the next few weeks, securing the future of its 20 staff,” said Roger Hutton, senior partner at Clarion.
DATED: 13.11.10
FEED: MT
