VMS Fleet Management enters administration, 136 redundancies, wind-down planned

Jeremy Karr, Simon Killick and Joanne Louise Hammond are the joint administrators. Barclays Bank, which held a qualifying floating charge and had provided an invoice finance facility, introduced BTG after the company ran into financial difficulties. A sale as a going concern was attempted but no viable offers emerged.

A controlled wind-down is under way, with 24 employees retained. Barclays had served a winding-up petition last week.