Quantuma’s Nick Parsk and Chris Newell have been appointed as joint administrators of Werrens Limited (Werrens), following the successful sale of the business and certain assets to Werrens Bedford Limited.
Werrens operates mainly from its Bedford site, and it reportedly traded profitably for a number of years as an accident and repair workshop and “prestige” bodyshop for cars and commercial vehicles.
As an approved repairer for Tesla, the business also specialises in electric models.
Quantuma said Werrens ran into “significant financial difficulty” during the Covid-19 pandemic and subsequent lockdowns.
The firm was appointed in November 2021 to achieve a sale of the business and assets.
Following the completion of the pre-pack sale to Werrens Bedford Limited, 20 jobs have been saved as part of the transaction.
Nick Parsk, director at Quantuma and joint administrator, said: “The automotive industry, like many sectors, was hit hard by the pandemic and the many lockdowns enforced in 2020 and 2021. This had a substantial impact on the company’s balance sheet and cash flow.
“It was clear that the best outcome for the company, its various stakeholders including clients and employees was to attempt to achieve a sale of the business in quick order, so we are pleased to have been able to complete the sale to Werrens Bedford Limited which allows the business to continue and also retains 20 jobs as a result.”