4:19 pm, November 12, 2010
RANGE Rover tuning specialist Overfinch has gone into administration, it has been revealed.
Overfinch Bespoke Vehicles Limited has been placed in the hands of administrators Lisa Hogg and Claire Foster of Wilson Field, in Sheffield, who are being advised by legal firm Clarion in Leeds.
Joint administrator Lisa Hogg said: ‘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.’
Established in 1975, the company claims to be the market leader in bespoke Range Rovers, providing high quality styling automotive products using the latest technology and precision engineering.
Based in Farnham, Surrey, it has developed into an international brand with 15 distributors throughout the world including Asia and North America. The company manufactures the exclusive Holland & Holland Range Rover, described as the most luxurious off roader in the world.
Overfinch celebrity owners include Jeremy Clarkson, Steven Gerrard and Coleen Rooney.
Roger Hutton, senior partner at Clarion, added: ‘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.’
By JAMES BAGGOTT
