Unipart Automotive has today denied it's going into administration. A spokesman for the company said: "we have no intention of doing so."
They made the statement after filing a notice of intent to appoint KPMG as administrators.
The move can give firms some protection in law during difficult trading conditions.
Unipart Automotive is based in Solihull and has 170 branches around the country selling spare parts for cars. It employs 1600 people.
A spokesman for the company said they had turned the business around and were within touching distance of going into profit. Under the previous owners, he said, the business had been loss making.
He said the firm is talking to three investors about putting more cash into the business
Health regulator Monitor has appointed administrators to look at how to make services at Stafford Hospital 'sustainable'.
The board and the governor will be suspended and the administrators will take over the running of the hospital.
They will have 45 days to produce proposals which will then be open to public consultation.
The ongoing care of patients and residents will be the priority and Castlebeck and the administrators are committed to working with local commissioners to ensure safe transfer ownership of facilities and continuity of care for individuals.
A firm which owns a number of care homes across the Midlands has announced it has gone into administration.
Castlebeck, which operates homes in Nottingham, Leicestershire, Birmingham and Worcestershire, says administrators are now seeking buyers for the properties.
The firm operated the Winterbourne View home in Bristol, which was at the centre of a patient abuse scandal in 2011.
Restructuring firm, Hilco UK, is in discussions with the administrators of Jesspos, Pricewaterhouse Coopers (PwC), about buying the brand.
PwC has already closed all of the Leicester-based chain's 187 shops with the loss of 1,370 jobs.
Reports are suggesting Hilco UK is considering opening Jessops concessions in HMV stores, which the group have bought this week.
Leicestershire Chamber of Commerce says it was surprised by how quickly the Jessops photo shops were closed down. Administrators for the company were called in last week, with all branches closing two days later.
Nearly 1,400 staff are losing their jobs, including those working at the company's head office in Leicester. John Willats reports.
Last week's closure of Leicester-based high street store Jessops, is a sign of the rising popularity of the internet, says Martin Traynor of Leicestershire Chamber of Commerce
The camera chain went into administration last week and closed all 187 of its stores in the UK as well as 20 in the Midlands. But the Leicestershire chamber of commerce says the city has performed better than expected during the recession.
Workers of Jessops who seek advice should contact The Retail Trust.
A charity that helps people in the retail sector says a quarter of the calls to its helpline in the last week have come from former Jessops employees.
The Leicester-based camera company went into administration last Wednesday but on Friday the administrator closed the firm's 187 shops, including 20 in the Midlands.
The firm is based in Leicester and started in the city in 1935. Now the Retail Trust says it can provide help and support to 1,300 staff who lost their jobs.
A Jessops store in Birmingham has placed a sign in its window informing customers that the shop has now closed.
The national chain announced yesterday that the company had official gone into administration leading to the loss of 230 jobs in the Midlands.
The group, which has had its headquarters in Leicester since 1935, has suffered from online competition and the boom in camera phones in recent years.
"We're hugely disappointed but we also recognise that the business was in great difficulty and was adversely affected by internet trading. Unfortunately for Jessops, the ability to buy cameras online has had a dramatic impact on the firm."