CAT

Tony Wilson speaks to CAT and says sorry for the mistakes and sorry to those that have been hurt by the collapse of Klarius Group – 250 redundant employees and out-of-pocket customers and suppliers. Read more inside.

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.

The QH business has been sold to Tetrosyl following the administration of Klarius Group yesterday, while a new Klarius emissions business is taking up the reigns at the Cheadle.

As widely expected for the last two weeks, it has been confirmed that Klarius Group today entered into administration. There is no further information at the moment, but a statement from Klarius/KPMG is expected soon.

"Sogefi Group, Europe’s leading OE and Aftermarket filter manufacturer, is announcing the sale of the Crosland Filters brand to Euro Car Parts."

As much as £1.2 billion of last year's designated transport funding from the Department for Transport (DFT) is being spent by local authorities without any oversight, a report from the Public Accounts Committee (PAC) says.

As Britain continues to struggle to get out of a double-dip recession, an increasing number of finance directors are being faced with the same dilemma. A key customer keeps asking for extra time to pay its outstanding invoices. Here's how to protect yourself against the zombie businesses.