Jobs saved in national car servicing rescue deal

Steve Parker
Birmingham-based business advisory, restructuring and insolvency practice Opus has saved 54 jobs and preserved the operations of all nine trading units for Concorde Tyre & Exhausts by signing a rescue deal with a major competitor looking to expand its business. With an annual turnover of around £7m, Concorde Tyre & Exhausts initially sought inward investment but Opus said it became clear that while the underlying business was sound, a formal restructuring of its affairs would be required and a going concern sale to market... For the full story register now for free or login below...