Leven jobs saved in Cambria/Vertu deal
20 January 2020
Jobs at The Leven Car Company, which went into administration earlier this month, are expected to saved under a deal which will split the business between Cambria and Vertu.
Auto Retail Agenda understands Cambria is expected to buy the Aston Martin and Rolls-Royce operations while Vertu will take the Suzuki, Mitsubishi and Kia businesses. The deal is expected to be completed on Monday evening.
Leven, which was formed six years ago by Hugh McMahon, went into administration on 7 January according to a statement by receivers Leonard Curtis Business Rescue & Recovery.
A statement by Leonard Curtis said: “The company, which employs 139 staff across its four dealerships, has ceased trading. At this stage, none of the company’s employees have been made redundant whilst the administrators assess the company’s financial position and explore the possibility of finding a buyer for all or parts of the business.”
Tags:
Why Subscribe?
As an auto retail executive you need insightful and unique industry intelligence to boost your business potential. Here’s a taste of what Auto Retail Network has to offer:
- Get informed and boost your business potential
- More than 1,200 fellow executives have joined us since launch
- Independent, carefully crafted, unique content relevant to you and your business
- Develop a greater awareness of market trends and opportunities
- Access to a wide range of materials whenever, wherever and however you want it
- Significant discounts on ARN events, reports and other publications
