|19 Sep 1973
Ltd incorporated. Virtually all Sinclair business
activities, however, are conducted by Sinclair
|11 Feb 1975
changes its name to Westminster Mail Order Ltd.
|12 Jul 1976
Mail Order changes its name to Sinclair
|5 Jul 1977
Instruments changes its name to Science of
|10 Nov 1980
Cambridge changes its name to Sinclair Computers
|11 Mar 1981
Computers changes its name to Sinclair Research
||Sinclair Research profits £818,000 on a turnover of £4.6m.
||Sinclair Research profits £8.55m on a turnover of £27.17m.
||Sinclair Vehicles Ltd.
established to support development of electric
||Sinclair Research profits £13.8m on a turnover of £54.53m.
||1982-83 profits announced as
£14.03m with a turnover of £54.53m.
pocket TV launched)
||1983-84 profits show
only a slight rise, at £14.03m, but turnover
jumps to £77.69m. Writing in the annual company
report, Sir Clive says that the
low profit figure is largely due to the launch of
major products such as the QL and the pocket
television which 'added greatly to costs in the
year but little to sales'.
However, other products are said to be
healthy. "Our Spectrum computer continues to
gain in sales. Pocket television production is
increasing and we hope to expand sales abroad
next calendar year ... Export sales have
increased steadily and there has been rapid
growth in the home market. Export sales are
expected to increase as a percentage of total
sales". Sinclair claims that the
"technical leadership" of the company
will be enhanced "now that our advanced
research lab, MetaLab, is established."
electric vehicle is launched by Sinclair
Vehicles, and flops)
||Sinclair Research profits £7.9m on a turnover of £89m, with stocks held worth £34m.
||Sinclair Research enters a
financial crisis caused by the disastrous failure
of the C5. The company's debts reach £15m. Robert Maxwell
proposes a takeover but the deal falls through.
||Sinclair is rescued by a
financial package which includes the sale of
£10m of Spectrum Pluses to the electronic
|7 Apr 1986
||Sinclair Research's logo and
computer business is sold to Amstrad for a mere
£5m. Sir Clive continues to own Sinclair
Research, but can no longer use the famous logos
or manufacture computers under the Sinclair name.
Sinclair Research becomes a research and consultancy company, with two subsidiaries formed to pursue mobile phone and wafe-scale chip development.
notebook computer launched by Cambridge Computer
||1988-1989 results: a loss of
£183,015 on a turnover of just £7,825. By now
the company employs only three people - Sinclair
himself, a sales and admin person and an R&D
||1989-1990 results: a profit of
£618,389 (raised from a sale of assets) on a
turnover of £4,754. Sir Clive writes in the
In recent years, Sinclair
Research Limited has exploited its technology
through companies formed with investors.
These ventures include Anamartic Limited, the
first and only company in the world to
produce products incorporating wafer scale
integration (WSI), Shaye Communications
Limited, one of the leaders in the CT-2
telephone field, Cambridge Computer Limited,
making laptop computers and satellite
receivers and Symbolkit Limited, through its
licence granted to P.G.C Limited, which is
developing the ultra fast computer
Anamartic Limited has
recently and successfully started to sell
finished products. to the computer
manufacturing industry. These have proved
highly reliable and cost effective. The need
for further capital will probably lead to
dilution in our shareholding.
Limited are selling their original CT-2 phone
in several countries and have reached ~
turnover of around £5 million pet annum. The
development of a second generation machine
conforming to the common air interface (the
new standard) is well advanced and should
lead to a considerable growth of business.
During the year we sold the
majority of our interest in Cambridge
Computer Limited to S.C.l. for a nominal
amount in return for a royalty stream on the
satellite receivers. This was a disappointing
result of our inability to raise the capital
needed for the Company at a difficult time in
P.G.C. Limited continues to
develop its very high speed computer chip and
has received an injection of capital from
outside investors. Progress is very
The main project within
Sinclair Research Limited is a pedal bicycle
dramatically lighter than any previously
made. This uses lightweight composite
materials to the almost complete exclusion of
steel. Development is well advanced and
tooling will commence soon. We intend to
launch the bike in 1992.
Last year we made a
reasonable profit but this is unlikely to be
repeated in the current year as the bike
project absorbs funds. The longer term
prospects remain good.
||1990-91 results: a loss of
£271,734 on a turnover of £5,486. In his
statement, Sir Clive writes:
Over the past year your
company has developed and tooled a radical
electric bike called the Zike. This has cost
£500,000 paid for partly by the sale of our
remaining shares in Shaye Communications and
partly by borrowings totalling £200,000.
Production is due to start in late June at
the works of our subcontractor Tudor Webasto
There have been many
electric bikes over the years but these have
all weighed upwards of 35 kg making them most
"unbike" like. The Zike weighs just
11 kg or about the same as an ordinary racing
bike. This is a result of a new motor,
electronics, battery and complete frame as
the enclosed leaflet explains. If you would
like to order one you are entitled to a £50
discount as a shareholder. The leaflet
contains an order form.
It is too early of course
to know the success of the Zike but all the
early indications are encouraging. Over 2,000
members of the public rode prototypes at the
Cyclex exhibition in March and were clearly
impressed. 300 orders have been placed by
members of the public who requested leaflets.
Over 200 foreign companies have approached us
for agencies and many sample orders have been
||1991-92 results: a loss of
£592,600 on a turnover of £1,115. The auditors
write that the company can only be considered a
going concern because the chairman (Sir Clive) is
supporting it from his own pocket. Sir Clive
Our company is now focussed
on the Zike electric bike. This is tooled and
in production with around 1,200 sold so far
but two problems have arisen which, at the
time of writing, have much inhibited the rate
of sales which had been rising steadily. Some
batteries were found to have corroded which
caused us to recall Zikes, though only 1%
were affected. This was not a design fault
and is so far unexplained. Also Tudor Webasto
who have made the Zike so far have decided to
cease as they need the factory space for
expansion of their core business.
We are talking to several
companies interested in taking over from
Tudor Webasto and we are developing new
models but no reliable forecasts can yet be
||1992-93 results: a loss of
£169,197 on a turnover of £379,836. In his
director's report, Sir Clive writes:
Since the company year end
Zike sales have continued favourably and this
product now represents positive cash flow.
We have concluded an
agreement with MTI Inc in Seattle whereby we
licence them to sell a computer chip we
developed with an associated company. This
looks highly promising, we have received a
first payment of £100,000, but it is too
early to make predictions.
On the 28th April 1994 we
launched a new product called ZETA. This is a
bolt on unit which converts any bicycle to
electric power. At the time of writing, 18th
May, we have sold over 1,000 units by mail
order at £144.95 each. Clearly the prospects
||1993-94 results: a loss of
£194,826 on a turnover of £510,943.
||1994-95 results: a loss of
£303,630 on a turnover of £435,742.
II is launched)
||1995-96 results: a loss of
£122,873 on a turnover of £255,826. By now the
staff has been reduced to one - Sinclair himelf.
Button Radio is launched)