The possibility of car production resuming at MG Rover’s Longbridge plant has been narrowly extended, according to the car manufacturers’ administrator, PricewaterhouseCoopers.
PwC said it was considering proposals from five potential buyers, two for the MG sportscar business, MGTF, and three for the rest of the business – although it refused to reveal who the bidders were.
‘We have examined the funds and identified a series of bidders, and we will go from there’, a spokeswoman said.
The company collapsed in April with the loss of more than 5,500 jobs.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies