Sinclair Vehicles poor reception given to the C5 by the press and public meant that these models would never reach production. In August 1985, Hoover, the manufacturer of the C5, announced that production would be stopped due to a financial dispute with Sinclair Vehicles. The following month, Sinclair Vehicles were renamed as TPD Ltd. On 15 October 1985, it was announced that TPD were in receivership and the company entered voluntary liquidation on 4 November 1985. Sinclair Vehicles Sinclair Vehicles Ltd was a company formed in March 1983 by Sir Clive Sinclair as a focus for his work in the field of
Clive Sinclair and £69.95 ready-built, by mail order. In February 1982 Timex obtained a licence to manufacture and market Sinclair's computers in the United States under the name Timex Sinclair. In April the ZX Spectrum was launched at £125 for the 16 kB RAM version and £175 for the 48 kB version. In March 1982 the company made an £8.55 million profit on turnover of £27.17 million, including £383,000 government grants for the TV80 flat-screen portable television. In 1982 Sinclair converted the Barker & Wadsworth mineral water bottling factory into the company's headquarters. (This was sold to Cambridgeshire County Council in December