Nationwide Accident Repair Services

Type
Bankruptcy
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Other Services
95 - Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
95.3 - Repair and maintenance of motor vehicles and motorcycles
95.31 - Repair and maintenance of motor vehicles
540 jobs
Number of planned job losses
Job loss
Announcement Date
4 September 2020
Employment effect (start)
4 September 2020
Foreseen end date

Description

Nationwide Accident Repair Services, the British company that operates a network of garages and repair vans carrying out accident repair work entered administration.  While much of the business was sold to RunMyCar, 30 garages were closed with the loss of 540 jobs. The sale had saved 2,350 jobs across 80 sites.

A representative of the Administrators said the company’s financial difficulties were caused by a reduction in trade during the COVID-19 lockdown, when motorists stayed at home.  

Nationwide Accident Repair Services was founded in 1998 and it specialised in carrying out repair work for car insurance firms.

Sources

Citation

Eurofound (2020), Nationwide Accident Repair Services, Bankruptcy in United Kingdom, factsheet number 101971, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101971.