Reg Phillips was the chairman of Fairley Steels, and would build a series of competition cars using the name Fairley (not to be confused with the Farley Special, a Cooper-derived hill climb special, driven by Chris Summers). The first few of these were trials cars, but for 1948 he decided to create a 500. He took an Austin 7 chassis, split the front axle to give independent swing axle suspension and fitted a single cam Norton engine at the front, driving standard Austin transmission. Reg finished 7th in the 1948 British Grand Prix meeting at Silverstone, a significant feat. Later, he converted this car to a Jowett engine.
More Fairleys would follow, notably: