Cartwright Group collapses with 490 jobs lost and fleet and rental arms sold to Zenith

Cartwright Group has gone into administration today resulting in 490 redundancies at S Cartwright & Sons (Coachbuilders) and Cartwright Fabrications and the sale of subsidiaries Cartwright Fleet Service and Cartwright Rentals to Contract Vehicles, the commercial vehicles division of leasing and fleet management firm Zenith.

The sale of the two businesses and their assets also sees 259 employees transferred to the new owner.

Michael Magnay and Dan Smith, restructuring partners at Deloitte, who were formally appointed as joint administrators to the Cartwright Group today (22 September 2020) said that Cartwright Group had been “heavily impacted” by the Covid-19 pandemic, which resulted in the closure of the manufacturing site for several months.

The Altrincham-based trailer manufacturer, which also provided trailer rentals and fleet services, had rental depots across the UK including in Leeds, Glasgow and Aldridge. The group employed around 800 people.

Joint administrator Michael Magnay said: “The Cartwright Group is a well-known and established company in the Cheshire area.

“Whilst we are pleased that a total closure of the Group has been avoided, we regret that today’s announcement includes a number of redundancies. Our thanks go out to all the employees at what we appreciate is a difficult time, and we are providing support to those affected.”

The post Cartwright Group collapses with 490 jobs lost and fleet and rental arms sold to Zenith appeared first on Motor Transport.

Cartwright Group has gone into administration today resulting in 490 redundancies at S Cartwright & Sons (Coachbuilders) and Cartwright Fabrications and the sale of subsidiaries Cartwright Fleet Service and Cartwright Rentals to Contract Vehicles, the commercial vehicles division of leasing and fleet management firm Zenith. The sale of the two businesses and their assets also sees 259 employees transferred to the new owner. Michael Magnay and Dan Smith, restructuring partners at Deloitte, who were formally appointed as joint administrators to […]
The post Cartwright Group collapses with 490 jobs lost and fleet and rental arms sold to Zenith appeared first on Motor Transport.Read More

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