BusinessBusiness RecoveryLuxury horsecoach business enters administration

Luxury horsecoach business enters administration

Olympic Coachbuilders appoints administrators from James Cowper

Luxury horsebox coach manufacturer
Olympic
Coachbuilders
has appointed administrators from
James
Cowper
.

The coachbuilding business can trace its roots back 250 years at the Didcot
manufacturing plant. It offers vehicles with stabling from two to 12 horses.

It employed more than 20 people.

“The recession has hit the company hard, yet it remains an attractive
business with a prestigious reputation,” said joint administrator Sue Staunton.

“We already have a number of potential buyers lined up and we hope that
Olympic Coachbuilders will continue to manufacture its highly respected
horseboxes.”

Further reading:

Portsmouth
FC may need three weeks for new CVA proposal

Restructuring
expert Felton-Smith joins Cattles as FD

Begbies
acquires Tomlinsons

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