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Jobs lost in Boston as car part supplier goes into administration

News.

News.

Boston’s branch of Unipart has closed after the firm went into administration.

The firm, which supplied car parts and garage equipment, employed nine people at its site on the Redstone Industrial Estate.

KPMG has been appointed as administrator for Unipart Automotive Limited, with a deal struck with firms Andrew Page and The Parts Alliance to rescue a combined 33 sites from the axe.

However, Boston’s was not among those saved and will shut with immediate effect.

The Boston employees are among 1,244 people to lose their jobs nationwide from the Solihull based business.

Mark Orton, partner at KPMG and joint administrator, said: “Despite intensive efforts over recent weeks, a sale of the whole Unipart Automotive business could not be reached, and a buyer could only be found for 33 of the sites on a going concern basis.

“Unfortunately, the business had been experiencing financial stress for a number of years, so the level of cash and further operational restructuring required to rescue a more substantial part of the business posed too much risk for most interested parties.

“Our team of employment specialists will be supporting all staff on completing redundancy forms and putting them in touch with job seeker services. We will now be reviewing what options are available for the remainder of the business, such as selling leasehold interests.”

Information is available on the website: www.insolvency-kpmg.co.uk

 

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