Jobs saved as garage is bought out of administration
Seventeen jobs have been saved at a car garage and workshop in Staffordshire after the firm was bought out of administration.
K&G Bodyshop Ltd in Burntwood had suffered cashflow problems. The Leeds office of business turnaround and insolvency specialist Wilson Field was appointed as administrators on February 28.
Bosses said today that former K&G Bodyshop director Michael Price-Darby had bought the business under MPD Trading. The K&G garage name was set up in the 1960s in Staffordshire by Ken Elwell and George Tabernor.
The posts saved include 17 permanent positions from technicians to administration staff.
Kelly Burton, associate director at Wilson Field, said: "Despite the economy still affecting many businesses, it is an excellent result when we can give a company a future and save jobs.
"We reviewed the situation, assessed the ongoing contracts held by the company, its viability and sold it as a going concern."
K&G Bodyshop Ltd is based off Attwood Road in Burntwood.
