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Bloodhound goes bust...

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Bloodhound goes bust...

Old 15th Oct 2018, 15:04
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Bloodhound goes bust...

Sad news...
Plans to build a British
jet-powered car to speed at more than 1,000mph through the desert have hit quicksand, after the company behind the Bloodhound project entered administration.
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Old 15th Oct 2018, 16:11
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Boy that was fast
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Old 16th Oct 2018, 06:15
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I didn't hear of that coming.
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Old 16th Oct 2018, 07:01
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Boom or bust...

mjb
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Old 16th Oct 2018, 08:51
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Needs 25 MILLION - really ???????
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Old 16th Oct 2018, 09:13
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Need a lot of money, have they been taken over by VTTS at Finningley?
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Old 16th Oct 2018, 18:48
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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
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Old 17th Oct 2018, 07:22
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Originally Posted by Harley Quinn View Post
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...
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Old 17th Oct 2018, 15:36
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Very symbolic of British Industry.......quality management.
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Old 7th Dec 2018, 10:25
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It's all over...
News report...
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 - 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."(
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Old 7th Dec 2018, 11:14
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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...
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Old 7th Dec 2018, 11:46
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Can't see why anyone would give them 25m for their toy.
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Old 7th Dec 2018, 11:56
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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.
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Old 7th Dec 2018, 12:15
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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.
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Old 7th Dec 2018, 14:46
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Originally Posted by ShyTorque View Post
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.
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Old 7th Dec 2018, 16:51
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How are Castrol and Serco Tash?
Better than their big sister Biffa.
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Old 7th Dec 2018, 17:02
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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 ...
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Old 7th Dec 2018, 17:45
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Originally Posted by Barcli View Post
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,
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Old 7th Dec 2018, 21:54
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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......
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Old 9th Dec 2018, 13:52
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Originally Posted by Buster15 View Post
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.
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