BusinessBusiness RecoveryBids for Mayflower roll in

Bids for Mayflower roll in

Offers were reported to be thick on the ground today as the bidding deadline loomed for Mayflower, the embattled bus maker.

Link: Numerica to bid for Mayflower division

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.

Related Articles

Carillion CFO blew whistle over 'sloppy accounting' months before collapse

Business Recovery Carillion CFO blew whistle over 'sloppy accounting' months before collapse

3m Alia Shoaib, Reporter
Toys R Us UK and Maplin enter into administration after failing to secure buyers

Business Recovery Toys R Us UK and Maplin enter into administration after failing to secure buyers

3m Alia Shoaib, Reporter
How to avoid a Carillion collapse

Business Recovery How to avoid a Carillion collapse

4m Russell-Cooke
Carillion collapse: The week so far and industry reaction

Business Recovery Carillion collapse: The week so far and industry reaction

4m Emma Smith, Managing Editor
Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

Business Recovery Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

4m Emma Smith, Managing Editor
Carillion: PwC appointed as special managers – what happens now?

Business Recovery Carillion: PwC appointed as special managers – what happens now?

4m Emma Smith, Managing Editor
Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

6m Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

6m Emma Smith, Managing Editor