Fleet News

Budget UK goes into administration

THE British arm of Budget Rent-a-Car is up for sale after being put into administration.

BTI (UK), a subsidiary of Budget Rent-A-Car International, the US car rental company that filed for bankruptcy earlier this month, will continue trading but is protected from creditors while its financial situation is reviewed.

BTI, which trades under the Budget name, operates from seven locations at Heathrow, Gatwick and Stansted airports and four locations in central London.

Budget also has more than 100 franchised locations in the UK, but these are unaffected by the crisis.

Simon Freakley, a partner in the administrators, said: 'Our intention is to continue trading while a buyer is sought.'

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee