The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Wholesale And Retail Trade And Repair Of Motor Vehicles And Motorcycles Maintenance And Repair Of Motor Vehicles 45.20 - Maintenance and repair of motor vehicles
540 jobs Number of planned job losses
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, 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.
Eurofound (2020), Nationwide Accident Repair Services, Internal restructuring in United Kingdom, factsheet number 101971, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101971.
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