FBS Cars Seeks Financial Restructuring

FBS Cars of Brackley, Northants, manufacturers of the Census V6 sports car is seeking financial restructuring. Negotiations to attract additional venture capital to fund the development of sales activities and additional versions of the Census are, because of the current economic climate, taking longer than expected.

"We are seeking a breathing space to put together a refinancing package for the company to protect our many achievements of the past five years and to set the scene for a prosperous future. We are now working with our existing suppliers and backers to develop new short and medium term strategies, and are confident that our long term plans for the Census remain valid.", says FBS Cars’ managing director and chartered engineer Andrew Barber.

Founded in 1998, FBS has been delivering cars to customers since June 2002

Published 4 August 2003 MAC

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