Partners from Zolfo Cooper have been appointed as administrators at Camden
Group Services after the company fell victim to the tough economic conditions.
Alastair Beveridge, Stuart Mackellar and Fraser Gray are now in control at
the company car provider, which employs approximately 800 people across its head
office, fleet services and retail businesses.
The trio are currently trading the business as a going concern,w hile
exploring options for its future, but said 40 redundancies in the fleet
division, which were already planned by the management, are now expected
following their appointment.
Beveridge said: ‘Despite having well-established businesses in both the
automotive fleet services and retail franchise sectors, Camden Group has not
been able to escape the extremely tough trading conditions that the sector as a
whole is battling through.
We will continue to trade the business as a going concern as we assess
options for the business.’
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
Smith & Williamson has been appointed administrators of charity 4Children