Aston Martin Lagonda Limited

Despite the cars’ appreciation in value, the company was often financially troubled. In 1972, it was sold to a company called Company Developments Ltd., backed by a Birmingham-based consortium, and chaired by chartered accountant and company director William Willson, (MBE). The company was resold, following a further bankruptcy event, by the Receiver in 1975 to North American businessmen Peter Sprague and George Minden for Ł1.05 Million. A successful turn-around strategy led to the recruitment of 360 new employees and, by 1977, a trading profit of Ł750,000. The new owners pushed the company into modernising its line, producing the V8 Vantage in 1977, the convertible Volante in 1978, and the one-off William Towns-styled Bulldog in 1980. Towns also styled the futuristic new Lagonda saloon, based on the V8 model.

They had planned to sell this engine to motor manufacturers, but having heard that the Aston Martin car was no longer in production they realised that they could capitalise on the reputation of the Aston Martin name (what we would now call the brand) to give themselves a head start in the production of a completely new car.

Between the years 1926 and 1937 Bertelli was the technical director of Aston Martin, and the designer of all subsequent Aston Martin cars during this period, these being known as the ‘Bertelli cars’. They included the 1 1/2 litre ‘T-type’, the ‘International, the ‘Le Mans, the ‘MKII’ its racing derivative the ‘Ulster, and the 2 litre 15/98 and its racing derivative the ‘Speed Model’.

Mostly open two seater sports cars and mostly bodied by Bert Bertelli’s brother Enrico (Harry)a small number of long chassis four seater tourers, dropheads and saloons were also produced.

Bertelli was very keen to race his cars and he was a very competent driver. One of the very few motor manufacturers to actually sit in and race the cars he designed and built, the competition no doubt ‘improved the breed’ and the ‘LM’ team cars were very successful in national and international motor racing including at Le Mans and the Mille Miglia.

Financial problems reappeared in 1932 and the company was rescued by L. Prideaux Brune who funded it for the following year before passing the company on to Sir Arthur Sutherland. In 1936, the company decided to concentrate on road cars. Car production had always been on a small scale and until the advent of World War II halted work only about 700 had been made. During the war years aircraft components were made.