Rover’s collapse is set to cost the taxpayer £231m, the government has
Retraining for former workers at the Birmingham car company has cost £50m,
while £6.5m was spent to keep the company in operation for a week in April while
a buyer was sought.
About 6,000 jobs were lost when Rover ceased trading with debts of £1.4bn,
but it is believed that more than half of its workers have found new jobs, and
most of the others have enrolled on training courses.
Trade and Industry minister Ian Pearson, MP for Dudley South, told the BBC:
‘£231m is the money allocated (but) it hasn’t all been spent. Some is due to be
spent over three years and some is for wider projects in the supply chain.’
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