Leven jobs saved in Cambria/Vertu deal
20 January 2020
Jobs at The Leven Car Company, which went into administration earlier this month, are expected to saved under a deal which will split the business between Cambria and Vertu.
Auto Retail Agenda understands Cambria is expected to buy the Aston Martin and Rolls-Royce operations while Vertu will take the Suzuki, Mitsubishi and Kia businesses. The deal is expected to be completed on Monday evening.
Leven, which was formed six years ago by Hugh McMahon, went into administration on 7 January according to a statement by receivers Leonard Curtis Business Rescue & Recovery.
A statement by Leonard Curtis said: “The company, which employs 139 staff across its four dealerships, has ceased trading. At this stage, none of the company’s employees have been made redundant whilst the administrators assess the company’s financial position and explore the possibility of finding a buyer for all or parts of the business.”