100 year-old automotive firm goes into administration

A nearly 100 year-old automotive business, Alex E Carr, has gone into administration with the loss of all its staff. A downturn in sales rendered the business unviable, said administrators Keith Marshall and Gareth Harris of RSM Restructuring Advisory, were appointed as joint administrators of Alex E Carr on 18 May 2017. Several of its directors had resigned prior to this, at the end of February. The Hull-based company was established at the end of the First World War, in 1918. It specialised in a performance engineering, ... 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...
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