Struggling Torotrak set to enter administration
Lancashire-based vehicle engineering company Torotrak has announced it is to go into administration.
The listed Leyland company said today (Thursday, December 7) that Daniel Smith and Clare Boardman of Deloitte would be appointed as joint administrators as soon as practicable.
Torotrak has requested that listing on the premium segment of the official list of the FCA and trading of its shares on the LSE’s main market be suspended from 7.30am today.
The company, whose workforce was slashed from 76 to 33 in July when its Leyla... 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...
