Talks are ongoing to secure new owners for Unipart Automotive after the company filed a notice to appoint administrators KPMG earlier this month.
That notice gave the car parts supplier 10 days protection from creditors but reports suggest that protection has been extended while a buyer is sought.
Initially Euro Car Parts and Better Capital were linked with the rescue talks, but the Sunday Times reports both are now less interested and the sellers are continuing to engage with a new party, R Capital.
Turnaround specialist R Capital bought roadside restaurant chain Little Chef in 2007 for £9 million and sold it six years later for £15 million.
As editor, Tim is responsible for the media content, planning and production of AM's multiple channels (AM print and digital magazines, website, social media and contributing to our events planning). He interviews and writes about as many franchised dealer groups and UK divisions of motor manufacturers as possible, to explore the issues facing UK motor retail and understand what solutions dealers and suppliers are using to overcome these.
DAVE - 22/07/2014 15:47
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