Lee Noble, the force behind the 1998 M10 roadster and the later M12-GTO3R and Noble M400, is back with an all-new company, Fenix Automotive Limited, and is due to launch a new supercar next year.

The yet unnamed new car will be a lightweight, ultra-powerful mid-engined V8 supercar with a price tag of under £75,000. The car will have a 0-100mph time of under seven seconds, and will target serious track day drivers, while also being completely usable on the public road.

“Our new car will offer buyers performance and dynamics that they’d normally have to spend well over £100,000 to experience, but at a far more affordable price,” said Lee Noble. “It will combine simplicity, strength and agility, while its two-seat, closed body will ensure sensible levels of refinement for road use.

The development of the car began in earnest a year ago, and the first prototype, which will be used to validate the all-new chassis and powertrain, is currently being built in Port Elizabeth, South Africa, in the same plant that produced all the M12s.