Klarius Group and Quinton Hazell administration update

The Joint Administrators of automotive parts manufacturer and distributor Quinton Hazell Automotive Limited (“QH”) and its parent company Klarius Group have announced 117 redundancies at the QH Glasson Dock site in Lancaster and 79 redundancies at the QH Colwyn Bay site in North Wales today. Both sites have ceased to operate.

A small number of employees have been retained across these sites to assist the Administrators in the winding down process.

Paul Flint, Joint Administrator and Restructuring Partner at KPMG, commented: “Despite extensively marketing the Glasson Dock and Colwyn Bay sites to potential buyers, we were unable to find a buyer and have taken the difficult decision to wind them down.

“Prolonged challenging trading conditions in the automotive parts sector impacted QH’s performance. This created cashflow pressures and affected QH’s ability to trade as a going concern.”

Representatives from KPMG are on site to provide support and further information to employees in claiming redundancy payments and will be assisting the Redundancy Payments Office.

This post was written by:

CAT - who has written 693 posts on CAT Magazine.


Leave a Reply

Advertisement
  • Bearings in a fix: What does the fine for OE supplier pricing cartel mean for the aftermarket
  • Lord Digby Jones flies the flag for apprenticeships and vocational training
  • CAT meets Refine Metals, who explains recycling catalytic converters is lucrative business

more info

    • It has been easy for me to get finance to start or grow my business

      View Results

      Loading ... Loading ...