LDV Vans goes into administration

We have been following the LDV Vans saga here at Shiply for some time. Unfortunately today, it looks like despite an attempted rescue bid, LDV have gone into administration.

Administrators will be appointed to run LDV, aiming either to save it as a going operation or selling off its assets.

LDV said: "The directors of LDV Group have been forced to reapply for administration to protect the assets of the business.

"This is due to the fact that essential funds required to maintain the business and workforce as a going concern are not being made available."

The news is really bad for the firms 850+ employees and of course it's suppliers.