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Former Phones4U chief interested in LDV

Former Phones4U chief John Cauldwell has said he has a "small amount of interest" in buying the troubled vanmaker LDV.

Cauldwell said he would only get involved if he thought the business case was commercially viable.

The Staffordshire businessman told the BBC: "We're looking for some basic information.

"If that basic information gives me a reason to believe that there is a business model there, or could be a business model there, then I may well get involved.

He added: "But I should really stress that at this stage most businesses that I look at... end up having no appeal to me at all."

Eight hundred and fifty LDV staff heard last Monday most would lose the jobs after the Russian owners said they could not save the van company. A staff of 40 have been kept on at LDV's Birmingham factory for the time being to maintain it.
 

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