Administrators called in at UK Nationwide bodyshop chain

September 14, 2020
Administrators called in at UK Nationwide bodyshop chain
Share:

One of the largest UK bodyshop chain operators, Nationwide Accident and Repair has called in administrators, reflecting the pressure on the business caused by the Coronavirus pandemic as well as the ultra competitive environment that volume repair centres are forced to operate in.


Nationwide Accident Repair Services operated 80 sites across the UK and grew from the Perry Group, a London based dealership. It became Nationwide in 2001 and was one of the driving forces in the UK bodyshop industry.  

The appointed Administrators, Price Waterhouse Coopers, have already announced that they have agreed to sale the bulk of the group’s outlets and assets to RunMyCar Limited which is a subsidiary of Redde Northgate plc. Of the 80 outlets, 30 will now close meaning that 540 jobs will be lost from a workforce of approaching 3000.

Rob Lewis, joint administrator at PwC, said, “As with many other businesses, the group had to weather major financial fallout due to the economic impact of COVID-19, which meant that trading volumes were significantly reduced. Against that backdrop, the sale reflects a significant positive outcome for the business, and we are especially pleased to have safeguarded 2,350 roles including apprentices, mechanics and technicians.”
 
PREVIOUS ARTICLE
Why scrappage schemes are bad for independents & the future of mobility
NEXT ARTICLE
Expanded range of EV parts & equipment creates new garage potential

More from BODYSHOP

Sealey offers the ultimate workstation

Sealey offers the ultimate workstation

icon A tidy workshop is usually an...
Citroen issues "stop driving" recall on certain C3 and DS3 models

Citroen issues "stop driving" recall on certain C3 and DS3 models

icon Citroen has issued additional...
EV drivers buy with their head not their heart

EV drivers buy with their head not their heart

icon Everyone knows that when it co...
CAT thefts on the rise as precious metal prices soar

CAT thefts on the rise as precious metal prices soar

icon Global uncertainty and volatil...
Inspect hard to access areas with the Powerhand flexible camera

Inspect hard to access areas with the Powerhand flexible camera

icon Available now from techntools....
febi highlights C4 parts availability

febi highlights C4 parts availability

icon The Citroen C4 has proved to b...

More from AUTOBIZ