Bloodhound SSC

Bloodhound LSR

Andy Green

World Land Speed Record Holder

The British-led project to break the Land Speed Record is brought back from the brink of cancellation.

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Bloodhound will race 'as soon as possible'
The Bloodhound supersonic car is back, under new management and preparing to renew its pursuit of the land speed record.
Bloodhound car project relaunched
The Bloodhound supersonic car is back, under new management and preparing to renew its pursuit of the land speed record.

Barnsley businessman saves Bloodhound supersonic project

A businessman from Barnsley is keeping the dream alive to break the land speed record with a 1,000mph car.

Ian Warhurst

Ian Warhurst stepped in to buy the Bloodhound supersonic car business last week after seeing a news article about it going into administration.

The mechanical engineer took his sons to see the project in Birmingham, before then finding out they were to stop the record attempt.

Within a week of being told about the company going into administration he had bought the company.

"Wherever we go next I'm sure to be quite excited because the project itself is so exciting," Mr Warhurst told the BBC.

"I still can't believe that I'm going to be involved in it to be honest."

The Bristol project has so far cost £30m.

Speed record project saved

BBC International Business Correspondent tweets

Bloodhound will be sold off

Administrators have confirmed that the Bloodhound Project - which was attempting to break the land-speed record - will go into liquidation.

Andrew Sheridan and Geoff Rowley - the joint administrators of Bloodhound Programme Ltd, the company behind the project, said in a statement released to the BBC: "we regret to announce that efforts to secure an investor to take the project forward have not come to fruition.

“Since the company entered into administration we have worked tirelessly with the Directors to identify a suitable individual or organisation who could take the project forward.

“Despite overwhelming public support, and engagement with a wide range of potential and credible investors, it has not been possible to secure a purchaser for the business and assets.

“We will now work with key stakeholders to return the third-party equipment and then sell the remaining assets of the company to maximise the return for creditors.”

Bloodhound trials

BreakingBloodhound Project to close

Bloodhound car
Getty Images

The Administrators of the Bloodhound Programme Ltd - the company behind Project Bloodhound - the initiative to reach 1,000 miles per hour in a land vehicle, have announced that an investor to take the project forward cannot be found.

It means that the project will end.