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250 jobs go at Midlands car-leasing firm

Nottingham AutoPark Credit: ITV Central

250 jobs are to go at a car-leasing firm in the Midlands.

Drive Assist, which is based in Tamworth, Staffordshire were placed into administration earlier.

259 employees were made redundant with immediate affect.

Activities at Millenium Motor Group Limited, which is based at Nottingham AutoPark, will be affected. They sell ex-fleet vehicles.

The administrators were appointed as a result of the companies experiencing "considerable working capital management issues" and subsequent cash flow problems.

"Regrettably, 259 employees have been made redundant with immediate effect. We will be working alongside all stakeholders to determine the most appropriate next steps for the benefit of all creditors."

Alastair Beveridge, Administrator