Administrators axe 124 jobs at struggling Preston caravan manufacturer
Administrators have announced 124 redundancies at a Preston caravan manufacturer after failing to find a buyer.
Partners David Acland and Lila Thomas, from specialist business advisory firm FRP Advisory, were appointed joint administrators of Lunar Caravans on July 16, and have been marketing the business for sale since then.
They laid off 140 of the 196-total workforce after all production work on carvans had ceased shortly before the appointment of the joint administrators.
They said the company had faced severe cashflow is... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...