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LDV in a final throw of the dice

It has been revealed that John Caudwell, the founder of Phones 4U, has asked for further details from the administrators of UK van manufacturer LDV. The company went into administration earlier this month and while the future looks bleak after it was cut adrift by its parent company the UK entrepreneur John Caudwell is believed to be interested. While John Caudwell has initially played down his interest in the company it has been confirmed he has asked for further details about the operation.

After a very difficult period for the LDV business this really is the final throw of the dice with administrators PwC having great difficulty finding any other investors. If the business were to be saved they would be acute embarrassment for the UK government which has refused point blank to become involved in the operation despite offering to sink millions of pounds into a Vauxhall.

It would appear that LDV has been treated significantly different from Vauxhall although there is no doubt that the short-term opportunities for profitability at Vauxhall are far greater than LDV. However, the potential loss of thousands of jobs if the LDV finally bites the dust will not go down well in a number of Labour heartlands.

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