Embattled British specialist sports car manufacturer TVR is being reshuffled again after its production arm, Blackpool Automotive, was recently placed under administration.

Embattled British specialist sports car manufacturer TVR is being reshuffled again after its production arm, Blackpool Automotive, was recently placed under administration.

Blackpool Automotive was created in 2006 as part of the manufacturer's desperate restructuring plan as it battled high costs while preparing to further expand its line-up.

One positive outcome of the latest move is that it would allow TVR to write off some of its outstanding debts and could protect it from future financial claims.

Owner Nikolai Smolenski has indicated that assembly of the niche models will be moved to coachbuilder Bertone’s Italian facility. TVR has already secured its componentry deals. Ricardo will supply engines and gearboxes and the body and chassis construction will become the task of Port Elizabeth’s Jimmy Price who already creates bodies and chassis’ for Noble.

When the Russian billionaire purchased the manufacturer in 2004, he had hoped to revive the brand by increasing its quality and unveiling a range of new models.

Despite the latest setback, sources have revealed that the plans to unveil a new 447 kW supercar remain unchanged. Whether this decision would have any positive effects on the company's lagging fortunes remains to be seen.