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View Full Version : Bloodhound goes bust...


Nige321
15th Oct 2018, 15:04
Sad news... (https://www.theguardian.com/technology/2018/oct/15/bloodhound-1000mph-car-hits-skids-project-enters-administration)
Plans to build a British (https://www.theguardian.com/technology/2008/oct/23/motoring-land-speed-record)
jet-powered car (https://www.theguardian.com/technology/2008/oct/23/motoring-land-speed-record) to speed at more than 1,000mph through the desert have hit quicksand, after the company behind the Bloodhound project entered administration.

lomapaseo
15th Oct 2018, 16:11
Boy that was fast

Tinstaafl
16th Oct 2018, 06:15
I didn't hear of that coming.

mickjoebill
16th Oct 2018, 07:01
Boom or bust...

mjb

Barcli
16th Oct 2018, 08:51
Needs 25 MILLION - really ???????

ZH875
16th Oct 2018, 09:13
Need a lot of money, have they been taken over by VTTS at Finningley?

Harley Quinn
16th Oct 2018, 18:48
Pity the Grauniad couldn't be bothered to try and explain why the team are in such dire straits.

On second thoughts I don't suppose they really know very much about finance and budgets

eal401
17th Oct 2018, 07:22
Pity the Grauniad couldn't be bothered to try and explain why the team are in such dire straits.

On second thoughts I don't suppose they really know very much about finance and budgets

The Grauniad knows a lot about finance and budgets - from the, um, "tax management" side obviously...

HyFlyer
17th Oct 2018, 15:36
Very symbolic of British Industry.......quality management.

Nige321
7th Dec 2018, 10:25
It's all over...:(
News report... (https://www.bbc.co.uk/news/uk-england-bristol-46480342)
A project to race a car at more than 1,000mph has been axed after it failed to secure a 25m cash injection.

The Bloodhound supersonic vehicle (http://www.bloodhoundssc.com/) - built with a Rolls-Royce Eurofighter jet engine bolted to a rocket - is all but finished.

The Bristol-based team behind it was aiming to beat the existing land speed world record of 763mph (1,228km/h).

A test run in Newquay in 2017 saw the vehicle reach speeds of 200mph (320km/h).

Following the failure to secure the investment the firm financing the project has gone into administration."Since [then] we have worked tirelessly with the directors to identify a suitable individual or organisation who could take the project forward," joint administrator Andrew Sheridan said."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."(

ShyTorque
7th Dec 2018, 11:14
I'm all for advances in technology to solve problems that need solving but I have to admit I was relieved that the previous record car and driver didn't end up as toast. With this project, I couldn't help asking myself - why? The speed limits are 50 mph on most roads and due to congestion and roadworks you're lucky if you reach 70 mph even on motorways...

TWT
7th Dec 2018, 11:46
Can't see why anyone would give them 25m for their toy.

Tashengurt
7th Dec 2018, 11:56
It's a shame. I paid to have my sons names on it and we kept tabs on development. I began to have doubts it would ever run in anger a fair while ago as the project seemed to stretch on and on.
Still better a dead project than a dead Dead dog.

NutLoose
7th Dec 2018, 12:15
How are Castrol and Serco Tash? ;) Shame it went bang without a boom. Still it might end up in a museum, so they will be on it for posterity.

Buster15
7th Dec 2018, 14:46
I'm all for advances in technology to solve problems that need solving but I have to admit I was relieved that the previous record car and driver didn't end up as toast. With this project, I couldn't help asking myself - why? The speed limits are 50 mph on most roads and due to congestion and roadworks you're lucky if you reach 70 mph even on motorways...

You probably know this but it was actually nothing to do with the land speed record per se, more about creating a focus for inspiring new young people to think about science and technology.
Even though it has halted it may well have done this already.

Tashengurt
7th Dec 2018, 16:51
How are Castrol and Serco Tash?

Better than their big sister Biffa.

Barcli
7th Dec 2018, 17:02
What did the first 25 million get spent on ? I believe most of the " equipment" was loaned ..... I smell someone doing rather well out of this ...

MAINJAFAD
7th Dec 2018, 17:45
What did the first 25 million get spent on ? I believe most of the " equipment" was loaned ..... I smell someone doing rather well out of this ...

One R Nobel, I suspect. Of all of the projects he has been involved in, only two that I known of were successful, Thrust 2 and Thrust SSC. Both nearly failed due to running out of money and his arse was only saved on the first one, when an RAF engine tech totally repaired Thrust 2's engine with parts belonging to HMG after he crashed the car at Greenham Common in 1982. I did put money into both projects in 83 and 95, not on this one as I couldn't see how they were going to solve a major issue that stopped Thrust SSC from hitting its full design speed of 850MPH,

11Fan
7th Dec 2018, 21:54
You could say that the idea never really took off....

Or maybe, it never left the runway......

Or really, it just exploded in the hanger......

John Marsh
9th Dec 2018, 13:52
You probably know this but it was actually nothing to do with the land speed record per se, more about creating a focus for inspiring new young people to think about science and technology.
Even though it has halted it may well have done this already.

Inspire young people to think about science & technology...brilliant idea. Really quite important too.

Why put all the eggs in one basket? Why have just the one, hugely expensive and risky venture?

How many extra science teachers could this level of expenditure pay for? How much new kit for school science labs? For that matter - how many repaired school science labs could it fund?

I guess fixing and equipping dilapidated school facilities isn't as sexy as gleaming things that go very fast and make lots of noise in so doing.

Nige321
17th Dec 2018, 09:16
Oh no it isn't!!
It's back! (http://www.bloodhoundssc.com/news/frp-advisory-secures-future-bloodhound-project)
On 7th December 2018 Andrew Sheridan and Geoff Rowley, Joint Administrators of Bloodhound Programme Ltd, the company behind Project Bloodhound, the initiative to reach 1,000 miles per hour in a land vehicle, announced that efforts to secure an investor to take the project forward had not been successful.Following this announcement, the Joint Administrators were contacted by a number of other interested parties and a purchaser for the business and assets has now been secured, which will allow the project to continue.The business and assets are being bought for an undisclosed amount by Yorkshire-based entrepreneur Ian Warhurst.Andrew Sheridan, Joint Administrator and partner at specialist advisory firm FRP Advisory LLP, said: “We have been overwhelmed by the passion that clearly exists for Bloodhound and are thrilled that we have been able to secure a buyer who is able to give this inspiring project a future.“Ian has a strong background in managing highly successful businesses in the automotive engineering sector and he will bring considerable expertise to bear in taking the project forward. He will be outlining his plans for the project in detail early in the New Year.”“In the meantime, we would particularly like to thank the Ministry of Defence and Rolls Royce for their support and collaboration throughout this process, without which it would not have been possible for the project to be in a position to continue.”Foot Anstey provided legal services to the Joint Administrators, while Gordon Brothers acted as their chattel asset advisors. Walker Morris provided legal advice to Ian Warhurst.

G-CPTN
17th Dec 2018, 11:45
Bloodhound SSC refuelled by Yorkshire business chap. (https://www.theregister.co.uk/2018/12/17/bloodhound/)

structor
17th Dec 2018, 16:41
https://www.bbc.co.uk/news/uk-england-bristol-46591860

Krystal n chips
17th Dec 2018, 17:49
Inspire young people to think about science & technology...brilliant idea. Really quite important too.

Why put all the eggs in one basket? Why have just the one, hugely expensive and risky venture?

How many extra science teachers could this level of expenditure pay for? How much new kit for school science labs? For that matter - how many repaired school science labs could it fund?

I guess fixing and equipping dilapidated school facilities isn't as sexy as gleaming things that go very fast and make lots of noise in so doing.

Good points. You see, what does this venture actually achieve. Lets think.

An entry in a certain book of records, a bit of jingoism to celebrate, maybe an honour or two for some involved, some PR for various organisations and passing public interest which wanes if, and when, the record is broken.

To say it will be inspirational for future engineers is simply spin really, given that any future engineers generally look at various disciplines and decide which holds the greatest attraction for them. One single project may be of interest, but, overall, it won't prove to be the incentive it's being promoted as being.

I agree, that, it takes engineering expertise to make the attempt, but that's purely for those directly involved.

G-CPTN
17th Dec 2018, 18:00
I don't agree that high profile 'engineering' projects are of no use to nurture pupils into science and engineering.
My son's local school has formed a relationship with Tim Peake.
You don't get much higher than the ISS . . .

Auxtank
17th Dec 2018, 19:12
I don't agree that high profile 'engineering' projects are of no use to nurture pupils into science and engineering.
My son's local school has formed a relationship with Tim Peake.
You don't get much higher than the ISS . . .

Agreed that Engineering is to be thoroughly encouraged in the young. However, I don't think even our very own Tim would be happy trying to break the sound barrier on four rubber wheels at ground level.
It's a vanity project with no real application for present or future.

If you want to go very fast - you need to be above the hard unyielding stuff that we walk about on.

jimjim1
17th Dec 2018, 19:26
https://www.bbc.co.uk/news/uk-england-bristol-46591860Bloodhound supersonic car project saved
But Yorkshire-based entrepreneur Ian Warhurst has bought the project for an "undisclosed amount".

Mr Warhurst, the managing director of Barnsley engineering firm Melett, said it would have been "criminal" not to continue with the record attempt.

CyclicRick
17th Dec 2018, 19:31
The Apollo missions were a fantastic success at inspiring young engineers and scientists and that cost....well...a LOT. I've heard that subsequently for every $1 spent it returned $7 to the economy. I think this is brilliant and should be well supported by everyone.

Auxtank
17th Dec 2018, 20:03
The Apollo missions were a fantastic success at inspiring young engineers and scientists and that cost....well...a LOT. I've heard that subsequently for every $1 spent it returned $7 to the economy. I think this is brilliant and should be well supported by everyone.

What?

Do you seriously think Bloodhound is going to provide that sort of investment revenue trickle down? What FL are you at?

G0ULI
18th Dec 2018, 00:05
Travelling at 1000mph at FL0 is a target. The technological spin offs come from developing solutions to the problems that arise on the way to achieving that aim. The rockets that powered the Apollo spacecraft are no longer used, but the computers, metal coatings, and other technology developed in the manned lunar mission program are all part of our everyday lives. It may be many years before the Bloodhound Project shows any profit, but that is no excuse for not trying.

ShyTorque
18th Dec 2018, 08:52
However, I don't think even our very own Tim would be happy trying to break the sound barrier on four rubber wheels at ground level.

Nor would the team who did break the sound barrier - and they didn't. The only way rubber wheels go through the sound barrier is tucked away in an undercarriage bay.

G-CPTN
18th Dec 2018, 12:24
Perhaps the solution to ultra high speed at ground level is to utilise ground effect (like the ekranoplans do)?

OTOH, you don't want it doing a Donald Campbell . . .

Auxtank
18th Dec 2018, 13:48
Perhaps the solution to ultra high speed at ground level is to utilise ground effect (like the ekranoplans do)?

OTOH, you don't want it doing a Donald Campbell . . .

Indeed you would not and also - would that not bar it from achieving a "land" speed record?