Clive Sinclair 1985 owing to Sinclair's financial troubles.) The following year, he received a knighthood and formed Sinclair Vehicles Ltd. to develop electric vehicles, which resulted in the unsuccessful Sinclair C5 in 1985. In 1984, Sinclair launched the Sinclair QL computer, intended for professional users. Development of the ZX Spectrum continued with the enhanced ZX Spectrum 128 in 1985. In April 1986, Sinclair Research sold the Sinclair trademark and computer business to Amstrad for £5 million. Sinclair Research Ltd. was reduced to an R&D business and holding company, with shareholdings in several spin-off companies, formed to exploit technologies developed by the company.
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