I've been doing a bit of reading on this car and the other built by Hudlass and I can confirm this one was indeed built in 1932. It is a home-made chassis with a vee-twin JAP engine, and later it was fitted with a Riley engine and Lanchester gearbox, and turned into a four-seater. The car as shown in the picture isn't the 'Riley' special yet – I think the conversion happened in 1939. Even more interestingly, there is a chance the remains of this car survive somewhere...