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Millionaire joins queue to buy Jensen Motors

PKF, the administrator for Jensen Motors, is poised to announce a buyer for the collapsed sportscar maker. It received two firm offers a week ago and expects to announce “further developments” this week.

The MacDonald Partnership, which pulled out of a rescue deal for Jensen last month citing “irresolvable issues”, has renewed its interest in the carmaker on behalf of an unnamed investor. TMP wanted to move production from Merseyside to a plant in South Africa and says this possibility is still likely.

A Home Counties millionaire businessman is also understood to be willing to buy the company and keep production on Merseyside. Reports suggest he wants to make engineering improvements to the S-V8 Roadster, which would delay production by several months.

Jensen Motors appointed PKF last month after failing to raise new investment. Its 35 staff were made redundant.

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