Administrators handling Saab GB’s administration filing have raised the possibility of redundancies among the division’s 120 staff as the crisis engulfing the brand shows no sign of being resolved.

David Dunckley and Daniel Taylor of Grant Thornton UK were yesterday (29 November) appointed joint administrators of Saab GB at the invitation of the directors as parent company Swedish Automobile sought funds to pay November salaries and was in talks on restructuring.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

“The administrators are based at head office – we were given staff briefings,” a Saab GB spokeswoman told just-auto. “They are the ones in control of the company. They have only just started so we have to wait and see.”

Saab GB has exclusive rights to distribute Saab cars and parts in the UK and employs 55 people in the UK town of Milton Keynes, north of London. Subsidiary Saab City employs 65 people and operates two London Saab dealerships in Wapping and Fulham.

“The administration is a consequence of the problems of the holding company in securing finance as well as stoppages in production,” said a statement from the administrators. “It is clear the key to ensuring a future for Saab is the financial restructuring of the wider Saab Group whose directors we understand are currently in negotiation with potential Chinese automotive concerns.

“Further announcements will follow as soon as possible. The Saab City sites will continue to trade normally for the time being while we review the operations, prospects, and options. Unfortunately we cannot rule out the possibility of redundancies.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The main creditors of the two companies are GMAC UK, which provides finance to Saab GB as well as offering financial services through Saab’s dealership network, and the Saab Pension Fund.