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Caparo Vehicle Technologies

Topic: Company

 From HandWiki - Reading time: 3 min
Caparo Vehicle Technologies
TypePrivate
IndustryAutomotive
Founded2004 as Freestream Cars Limited
FounderGraham Halstead
Ben Scott-Geddes
Defunct2019
HeadquartersLeamington Spa, United Kingdom
Key people
Graham Halstead
(Founder)
Ben Scott-Geddes
(Founder)
Angad Paul
(Chairman)
ProductsSupercars
Revenue£10.08m (2014) [1]
WebsiteCaparo V.T. Website
Caparo T1 at the 2006 British International Motor Show

Caparo Vehicle Technologies (CVT), formerly known as Freestream Cars Limited, was a British company that provided advanced technology development, materials engineering, and design services to and markets.[2] Caparo Vehicle Technologies went into administration in 2015, and was fully dissolved by 2019.

History

Caparo Vehicle Technologies was originally founded in 2004 as Freestream Cars Limited by Graham Halstead and Ben Scott-Geddes who had both worked on the McLaren F1 project.[3] In February 2006, Freestream announced a concept car, the Freestream T1.[4][5] In March 2006, the company was acquired by Caparo. The deal was put together by future Commercial Director, Sean Butcher.[6][7] After the acquisition, Caparo CEO Angad Paul became chairman.[8]

Vehicles

Main article about the Caparo T1

Caparo Vehicle Technologies produced one vehicle, the Caparo T1. The T1 is a two seat, rear wheel drive automobile inspired by Formula 1 racecars.[9][10] The company sold the racecar for $300,000,[11] and had confirmed purchases for 15 cars by 2012.[12]

Administration and closure

The company entered administration in 2015 just days after the death of Caparo CEO, Angad Paul.[13][14][15] The company was liquidated and fully dissolved by 2019.[16]

See also

  • Caparo
  • Caparo T1
  • List of car manufacturers of the United Kingdom

References

  1. ↑ "Caparo Vehicle Technologies Accounts 2014". HMRC Companies House. https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/T-6ipOfbv8dbI4znUQ67O-qZLGMzxEi5yQ3y-FBNObw/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=ASIAWRGBDBV3BU5E6TGP%2F20220513%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20220513T215244Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEI3%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FwEaCWV1LXdlc3QtMiJHMEUCIHyK5hiG4eBv6088j11CEPj1ZJrFNpayU01dtOHqOqu1AiEAmEktAluwe0FhRJzhII3LLC9ACP8wKKUV1yrn4jcU4tQq0wQIZhAEGgw0NDkyMjkwMzI4MjIiDB899cv7X147x7n3NSqwBGF6XplM5aYk2WKK56EU9mQbkKTOT6154OdeTdI7I0rq88N7AX6fJEio6XONPiO2pYYBUfgXYssznAb9aXY9nQ9hBhRqZ%2FjldAyL6G2Zz72fTdWuwjYk0CDoJ%2F0cHWjZqALSN4GI5O7uPzw%2FJQ0%2BFNaly1h4obl6tML3Q5wZY5VNY7ShziSx2dyHj%2Bo6JFCItG%2FpXuClAvC18EIyrEpIlBrkBWR%2BjlW%2BdZL2jtGYtzA0G6ZyOmNoCcd3KQ1%2FofDGzfvGkdasuyXq%2BDj%2Fy65oGZ2Zdwllo0U5t6W7oOnxj7BAfvgsyUQ370QXtHHyNANfoPPhBSmsJXjbGqajVglpVhsEJPIaahCDqKFTFcr4n4AQQXywhk4gS3%2F8dqoz1zHBPGD4YpBj11JGxQdRYV0AzBCV5ktb%2FXbt3szmEmWshlt1GBOFPTEx6PDRyF%2B4XA55dZEaBIT2Orx3hZroOrjrqWjYKMigy%2BCayVWERiu9RlGsRZBjTxHxJRiC1KF1iL9NijW%2BdprzSfZsnJ2cUpqZDKCdhFd6qw4JW2Uv2H4J5IK6bA650VPMe0QquqIwk2Fwq6DiaMsA2ip9AvmXiiQjbisl5iHuxEx9YH3DCZXPjh0R48PATb%2BqPuozQfnf521Jsl53kXyBxj54UqOE%2FIFxCtXAnJ0qIOM9qthn1cCTn1%2FAODLJugXkyUF64kUTlaOu1VtV2Gug4vx8XdYyZif91DWhpxFkdvjZYldlYr3%2FQlAGMJeJ%2B5MGOqkBDZPUhd0mhTnOpPGfkd33%2FWbQw%2FC9qsrX%2BEHY7E4UosHlKrMr%2FP7S7LuiDrTvfIY9HPz2%2BPBVu7VzOGIUoqBKYf2ebb%2FUFxL%2BsF4Pjqaa7mtw4H5HA7YrFRhOOw8W3spbk%2Byn%2F0vvV%2FNymSZx03TJhfqfnQ%2BbNhSRU5jACC7DV70tzTmaM1SXj3VCThusDOSlleqRHshcrTsKYgSAZ4bqiOcFCvxbNF3j%2FQ%3D%3D&X-Amz-SignedHeaders=host&response-content-disposition=inline%3Bfilename%3D%22companies_house_document.pdf%22&X-Amz-Signature=6e72fec09ddda8dd8fa3bbb76258904eedab955133856df42e13beaa53e76a21. 
  2. ↑ "Caparo Vehicle Technologies". http://www.caparo.com/divisions/division-overview.asp?did=31&gid=1. [yes|permanent dead link|dead link}}]
  3. ↑ "FREESTREAM CARS LIMITED". Global Database. https://uk.globaldatabase.com/company/freestream-cars-limited. 
  4. ↑ "Freestream T1". Car Body Design. 7 February 2006. https://www.carbodydesign.com/archive/2006/02/07-freestream-t1/. 
  5. ↑ "Freestream T1 news - Brits build F1-style supercar". Top Gear. 7 February 2006. https://www.topgear.com/car-news/freestream-t1-news-brits-build-f1-style-supercar-2006. 
  6. ↑ "UK Caparo creates advanced vehicle technology group". Just Auto. 15 March 2006. https://www.just-auto.com/news/uk-caparo-creates-advanced-vehicle-technology-group/. 
  7. ↑ Shah, Dhiram (23 May 2006). "Caparo Freestream T1 – The Street Legal F1 Car". Luxurylaunches (Luxury Launches). https://luxurylaunches.com/transport/caparo_freestream_t1_the_street_legal_f1_car.php. 
  8. ↑ "Caparo buys Freestream T1 consultancy". Test Driven. 13 March 2006. https://www.testdriven.co.uk/caparo-buys-freestream-t1-consultancy/. 
  9. ↑ Grabianowski, Ed (17 April 2007). "Howstuffworks "How the Caparo T1 Works"". Howstuffworks. http://auto.howstuffworks.com/caparo.htm. 
  10. ↑ Green, Simon (January 2008). "Caparo T1". Motor: 32–34. 
  11. ↑ Brown, Joe (October 2006). "Go, Street Racer, Go". Popular Science 269 (4): 21–21. 
  12. ↑ "CEO of Caparo T1 Project Found Dead in Suspected Suicide". Road & Track. 16 November 2015. https://www.roadandtrack.com/new-cars/news/a27359/caparo-ceo-angad-paul-dead/. 
  13. ↑ "caparo parent company enters administration chairman dies in apparent suicide". Motor Authority. 11 November 2015. https://www.motorauthority.com/news/1100885_caparo-parent-company-enters-administration-chairman-dies-in-apparent-suicide. 
  14. ↑ "Angad Paul: Steel company boss jumped to death from penthouse balcony 'after becoming depressed over firm's collapse'". The Independent. 28 April 2016. https://www.independent.co.uk/news/uk/home-news/steel-company-boss-angad-paul-suicide-jumped-to-death-depressed-over-firm-s-collapse-a7005676.html. 
  15. ↑ "Caparo Vehicle Technologies Limited in Administration". PWC. https://www.pwc.co.uk/services/business-restructuring/administrations/caparo-industries-plc/creditors/caparo-vehicle-technologies-ltd.html. 
  16. ↑ "Caparo Vehicle Technologies Limited Filing History". Companies House. https://find-and-update.company-information.service.gov.uk/company/05755850/filing-history. 

External links



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