into administration, leaving 200 people without a job, and with
another 600 at risk.
Contract Hire and Leasing, was the largest independently owned car
and van rental company in the UK, operating from 87 sites around
the country.
PricewaterhouseCoopers, which was appointed joint administrator
to the company, said in a statement it is “working on strategies to
salvage value from the business”.
But PwC added, the main trading business and the company’s
15,000 vehicle fleet was “likely to be wound down over the next
five weeks”.
Go deeper with GlobalData
The administrators have blamed the downturn for the
company's collapse, and the tightening in available
credits, which has meant that “replenishment of the vehicle fleet
has been difficult to fulfil”.
The rental company had recently relaunched its contract hire
division, a move prompted by “rocketing demand” from customers, the
company said at the time.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
