Updated: 28th May 2020
Lee Lockwood and Andrew Mackenzie of Begbies Traynor were appointed as administrators to accident repair specialist WG Newman (Garage) Limited on 22nd May 2020. The business was immediately acquired by Pronto Care Midlands Limited, saving all 27 jobs.
Based in Long Eaton, Nottingham, and established in 1965, the company provides specialist paint and body repairs and is also able to deal with complex high strength steel and structural work.
Unfortunately, the business saw a decline in turnover caused by more competitive market conditions, coupled with a loss of efficiency within the business.
After a period of marketing which resulted in various offers, a pre-packaged sale was agreed to Pronto Care Midlands Limited, part of the Lovells Group which has auto repair sites across the Midlands. All 27 staff transferred to the purchaser.
Joint administrator Lee Lockwood said: “After more than 50 years of trading, it is good news for employees, customers and suppliers that the business will continue to operate as part of a larger group. We wish them well.”
Nicky Calthrop-Own of Actons Solicitors acted for the joint administrators and Lemi McAuley of Shoosmiths acted for Pronto Care Midlands.
Lee is a director based in our Leeds office. He is a chartered accountant and Licensed Insolvency Practitioner with more than 10 years’ restructuring experience and had previously worked for Kroll before joining the firm in 2008.
The majority of Lee’s career has been spent working alongside the major clearing banks. He has a strong insolvency background but has always focused on corporate turnaround and recovery assignments.