new to this forum... been following progress of EV's and have a genuine passion for sports-EV technology.
Which was why I was so saddened to see PML go into administration...especially being a proud Brit myself
however...looking at their Hi-Pa drive site, it looks like the administrators have found a buyer for that part of the business....
At the bottom of the site:
Looking at companies house this company was incorporated 12 Nov 2008...just 16 days before PML went into Admin....Hi-Pa Drive and PML are trading names of Electric Motor Works Ltd.
It looks suspiciously like whoever set that new company up knew PML was going to go into admin, and the company was set up deliberately to take on parts of the PML business...i.e. Hi-Pa.
I would imagine its probably the original owners of PML using their own cash to take on the Hi-Pa business, letting the old business go into insolvency.