One of the UK’s largest training colleges and driving schools has entered
partners Andrew Stoneman and Paul Clark were appointed joint administrators of
LVG Limited, which operates principally under the RED brand.
It employs 400 staff, with 250 based in RED’s instructor training division.
It also operates FTBC – an accountancy services for driving instructors
The company will trade as normal as the administrators pursue a buyer.
“We are confident a buyer will be secured as the most recent financial
reports indicate the business has been quite a healthy and profitable operation.
It only entered administration due to a lack of funding and investment,” said
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