Radical News 2 - Radical Looks for Additional Investor
Radical co-founder, Mick Hyde, has announced his intention to sell his interest in Radical Motorsport. His partners in the business, Phil Abbott and Tim Greaves fully support his planned exit.

Mick Hyde explains: “In the ten years since we started Radical, the company has grown rapidly. We manufacture 100 sportscars a year, turn over £7m per annum, employ over 80 staff, work with 18 distributors world-wide and operate from a 35,000 sq ft factory unit in Peterborough. Our sportscars compete in eight, one-make series around the world, with more in the planning stage. The Radical product range comprises the Prosport, Prosport PR06, SR3, SR4, SR8 and the SR9. All the design and development cost of these cars has been paid for out of profit and shareholder investment.

“Radical is now ready and able to expand into new international markets. Our latest LMP2, car has demonstrated that it is capable of winning the P2 class at Le Mans. So at the ripe old age of 57, I feel now would be a good time to attract a new investor to help us to continue to achieve our goals. I very much want to keep an interest in the company, helping steer Radical to increased dominance in the global motorsport market.”

Tim Greaves adds: “Phil and I are fully supporting Mick in his wishes to slow down a little and capitalise on his work over the last 10 years. Mick has been key in the growth of the Company and we are pleased that he has agreed to stay with the Company to support us through this transition period and beyond.”

Interested parties should contact Mick direct – mick@radicalsportscars.com

Contents Copyright © dailysportscar.com. All Rights Reserved.