KPMG called in at Quinton Hazell automotive suppliers

Paul Flint and David Costley-Wood from KPMG have been appointed joint administrators of automotive parts manufacturer and distributor Quinton Hazell Automotive Ltd (QH) and its parent company, Klarius Group Ltd.

The administrators have reached an agreement to sell the Klarius emissions business to Klarius Products Ltd, preserving 234 jobs. In addition, the intellectual property rights relating to the QH business was sold separately to Tetrosyl I-Tec Ltd part of Tetrosyl Ltd

However there have been a number of redundancies at other sites in the group which have ceased operation. These include the loss of 42 jobs at the QH distribution division in Leicestershire, along with 117 redundancies at the QH Glasson Dock site in Lancaster and 79 redundancies at the QH Colwyn Bay site in North Wales.

Paul Flint, joint administrator and associate partner at KPMG, said: 'Despite marketing the remaining divisions for sale, we were unable to find a buyer and have taken the difficult decision to wind them down. Prolonged challenging trading conditions in the automotive parts sector impacted Quinton Hazell's performance. This created cashflow pressures and affected Quinton Hazell's ability to trade as a going concern.'

Klarius Group operates three subsidiaries in Europe: QH France SAS, QH Deutschland and QH Espana. These companies are separate legal entities and have not been included in the UK administration.

Pat Sweet | Reporter, Accountancy Daily [2010-2021]

Pat Sweet was the former online reporter at Accountancy Daily and contributor to the monthly Accountancy magazine, pub...

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