VMS Fleet Management closes in administration with 136 redundancies

The appointment followed a winding-up petition from HMRC dated 9 September. BTG's Jeremy Karr, Simon Killick and Joanne Hammond were appointed on 20 October at the invitation of the directors and the bank as floating charge holder, after no offers for the business as a going concern were forthcoming. A further 24 employees are retained to assist the administration.

The firm managed about 6,570 vehicles. The administrators' priorities are redundancy claims, securing assets, debtor recoveries and investigations into the company's affairs.