United Kingdom

Details

  • Service: Advisory
  • Type: Press release
  • Date: 07/02/2013

Klarius Group Limited and Quinton Hazell Automotive Limited administration update 

 

The Joint Administrators of automotive parts manufacturer and distributor Quinton Hazell Automotive Limited (“QH”) and its parent company Klarius Group Limited 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.

 

A small number of employees have been retained across these sites to assist the Administrators in the winding down process.

 

Paul Flint, Joint Administrator and Restructuring partner at KPMG, commented: “Despite extensively marketing the Glasson Dock and Colwyn Bay sites to potential buyers, we were unable to find a buyer and have taken the difficult decision to wind them down.

 

“Prolonged challenging trading conditions in the automotive parts sector impacted QH’s performance. This created cashflow pressures and affected QH’s ability to trade as a going concern.”

 

Representatives from KPMG are on site to provide support and further information to employees in claiming redundancy payments and will be assisting the Redundancy Payments Office.

 

          

-Ends-

 

For press queries, please contact:

 

Dave Lafferty

0161 235 0318

dave.lafferty@citypress.co.uk

 

KPMG Press Office: 020 7694 8773

 

About KPMG


KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 12,000 partners and staff.  The UK firm recorded a turnover of £1.8 billion in the year ended September 2012. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 156 countries and have 152,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  KPMG International provides no client services.

 

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