Trifords, part of the Markerstudy Group has acquired the brand name of Auto Windscreens, along with some of the company’s assets including, the Chesterfield head office, two freehold sites and 20 leases.
The deal was announced as the administrator confirmed that 1,042 staff had been made redundant after failing to get an offer for the business as a whole.
Chris Farrington, joint liquidator and partner at Deloitte, said: “Our focus at the outset was to seek funding for a trading period and to run an intensive marketing period in an attempt to save the business as a going concern.
“We approached the major customers to seek urgent funding but unfortunately none of these customers were able to assist in the circumstances.
“Whilst the intensive marketing process resulted in over 90 expressions of interest, no party made an offer for the business as a whole.
“In the absence of any funding and no going concern offer, we have had no alternative but to close the business, leading to 1,042 staff being made redundant.”
Leasing companies using Auto Windscreens have acted quickly to minimise disruption to fleets in the wake of the company’s demise.
Lombard, ING Car Lease and Alphabet were among dozens of companies affected by the business going into administration.
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