Administrator Deloitte said it had received more than 60 offers for parts of the company, The Guardian reported.
Notable were accountancy consolidator Numerica assembling a team to move for Mayflower’s Transbus division and a rumoured bid by former Mayflower director Terry Whitmore.
Tony Woodley, general secretary of the Transport and General Workers Union has described the collapse of the company as a ‘mini-Maxwell’ scandal. He also told the Scottish TUC any bid by former directors would be unacceptable, particularly in light of the employee pension deficit. Directors fared much better under a separate scheme.
The deadline on offers for Mayflower Energy, which installs offshore wind turbines, passed on Monday with 50 bids recorded.
The deadline for offers on Mayflower’s two other main divisions, TransBus and Mayflower Vehicle Systems, comes tonight. It is not known what level of interest the latter attracted.
Deloitte said it could still consider offers after the deadline had passed.
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