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| Version 0 | Version 1 |
|---|---|
| Driving school in administration | Driving school in administration |
| (20 minutes later) | |
| The parent company of driving instructor business Red Driving School, the UK's third largest, has gone into administration. | The parent company of driving instructor business Red Driving School, the UK's third largest, has gone into administration. |
| LVG will continue to trade as normal while administrators look for a buyer to take it on as a going concern. | LVG will continue to trade as normal while administrators look for a buyer to take it on as a going concern. |
| LVG employs 400 people in total across three offices, but all the Red Driving School drivers are franchisees. | |
| It also owns two other businesses under the Red brand - Red Instructor Training and Red Fleet Training. | |
| Red Instructor Training trains would-be driving instructors, and Red Fleet Training is employed by companies to test and improve the driving skills of their employees. | |
| LVG's 400-strong workforce includes 200 people at its head office, and 150 spread across two "operational support facilities" in Liverpool and in Billingham near Middlesbrough. | |
| "We are confident a buyer will be secured as the most recent financial reports indicate the business has been quite a healthy and profitable operation." said joint administrator Andrew Stoneman of MCR. | |
| "It only entered administration due to a lack of funding and investment." |