Keighley Unipart Automotive branch closes with loss of four jobs

Keighley Unipart Automotive branch closes with loss of four jobs

Keighley Unipart Automotive branch closes with loss of four jobs

First published in Keighley
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UNIPART Automotive's Keighley branch has closed with the loss of four jobs.

The Worth Way outlet is among over 100 nationally to shut after the car parts company went into administration.

Joint administrators Mark Orton, Will Wright and Jonny Marston – of KPMG – have sold part of the Solihull-based business to competitors Andrew Page and The Parts Alliance, in a deal which saved 33 branches and 361 jobs.

“Despite intensive efforts over recent weeks a sale of the whole Unipart Automotive business could not be reached and a buyer could only be found for 33 of the sites on a going concern basis," said Mr Orton.

"Unfortunately the business had been experiencing financial stress for a number of years, so the level of cash and further operational restructuring required to rescue a more substantial part of it posed too much of a risk for most interested parties.

“Our team of employment specialists will be supporting all staff on completing redundancy forms and putting them in touch with job seeker services. We will now be reviewing what options are available for the remainder of the business, such as selling leasehold interests.”

Comments (1)

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5:33pm Thu 24 Jul 14

Mixter says...

Id say three and a half jobs lost. There was one idle sod there i wouldnt pay in the washers he sold. If he could be bothered to get off his arse and find them, that is.
Id say three and a half jobs lost. There was one idle sod there i wouldnt pay in the washers he sold. If he could be bothered to get off his arse and find them, that is. Mixter
  • Score: -1

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