A company that manufactures miniaturized electrical versions of conventional cars has concluded a rescue agreement led by an American merchant banking group.
Sky News understands that the future of Hedley studios – formerly known as Little Car Company – has been recovered thanks to a pre -pack administration agreement.
FRP’s opinion would have acted as a director before selling the company to an entity controlled by Island Capital Group.
Hedley Studios was founded in 2018 when the luxury car manufacturer Bugatti approached Ben Hedley to see if he could recreate a racing car type 35 from the 1920s to mid-scale to mark his 110th anniversary.
In a statement published in response to a Sky News survey, the company said that it had built and delivered more than 500 vehicles to customers in more than 60 countries in the last 17 months.
Hedley Studios makes its cars three -quarters of the size of the original model, resulting vehicles generally cost £ 75,000 or more.
Pic: Hedley Studios
“We are delighted to welcome Island Capital Group as a strategic partner in the next phase of Hedley Studios growth,” said Hedley.
“His investment and belief in our vision mark a pivotal moment for the company when we accelerate our expansion and reach new world audiences.
Hedley Studios manufactures its cars in partnership with a range of luxury manufacturers, including Aston Martin, Bentley and Ferrari.
Andrew Farkas, founder, president and chief executive officer of Island Capital, who initially supported Hedley Studios in 2023, said: “This last investment testifies to the entrepreneurial spirit of Ben and his team in the construction of a successful British luxury brand in a short period of time.
“Motor lovers in the world are more and more eager to honor these historic icons, bringing them to new audiences in a new and entirely electric way.
“Our wider investment marks the start of a new chapter for Hedley Studios, strengthening its leading position in the creation of luxury, works of art leading and island capital is delighted to be part of this growth trip.”