Deathwatch - are Auto Windscreens about to crack?
"Autoglass repair, Autoglass replace." No, not them - the other guys. The ones that don't have an irritable earworm of a jingle or a nice young man called Gavin. AutoWindscreens, which employs around 1600 people across the UK, appears to be in financial trouble.
An article on the Business Sale Report Website confirms administrators are standing by to deal with the business:
"Lloyds, the company’s bankers, are in discussions with several business turnaround specialists with the specific objective of securing emergency investment for the company.
"Understandably concerned about its exposure, the bank has enlisted the help of Deloitte, whose insolvency partners are standing by should it be deemed necessary to place the business into administration."
According to the article, there are only 300 fitters employed by Auto Windscreen, down from 700 a couple of years ago. One fitter is quoted as saying: "Fitters now have to travel 300 miles per day - up from 100 miles per day - for fewer jobs, with fuel prices constantly rising."
A source within the company has contacted Bitterwallet with details of an unofficial forum used by staff of Auto Windscreens. Posters have claimed that staff are being made redundant, accounts are on stop with several suppliers, fuel cards have been stopped, bonuses not being received and staff are concerned about being paid.