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Sat 21 Mar 2009 09:40

1car1 in adminstration - NARU

1car1, which went into administration last week, is having its fleet of 15,000 vehicles returned to its financiers, meaning it will soon become unviable as a going concern.

PWC as adminsitrators said that hundreds of employees will lose their jobs immediately and hundreds more face a very uncertain future.

PricewaterhouseCoopers said it is working on strategies to "salvage value from the business, however the main trading business and the company?s 15,000 vehicle fleet is likely to be wound down over the next five weeks".

I guess the auctions are going to be busy

Edited by Marlot on 21/03/2009 at 09:41

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Sat 21 Mar 2009 10:07

1car1 in adminstration - Pugugly

www.honestjohn.co.uk/forum/post/index.htm?f=2&t=73...7

See above.

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