Britishvolt ‘collapsed owing £120m’ as UK car industry reports dismal year
by Jasper Jolly and John Collingridge from World news | The Guardian on (#68722)
Several bids are understood to have been made for assets of failed electric vehicle battery startup
The battery startup Britishvolt owed as much as 120m to creditors when it collapsed last week in a major blow to hopes of sustaining the British car industry, it can be revealed.
Creditors are expected to recover a very small proportion of the debts, according to a source with knowledge of the matter, although there are understood to be several bids for the company and its assets. EY, a professional services firm, is handling the administration.
Continue reading...