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Lostock Hall caravan firm Lunar has been sold

Posted on - 15th August, 2019 - 11:53am | Author - | Posted in - Business, Lostock Hall, Preston News
The Lunar Caravans factory in Lostock Hall Pic: Google
The Lunar Caravans factory in Lostock Hall Pic: Google

Dozens of jobs have been saved after a caravan manufacturing firm in Lostock Hall has found a buyer.

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Administrators were called in at Lunar Caravans in mid-July after the firm ran into financial difficulties.

Nearly 150 staff were placed on temporary leave since mid-June, according to a letter seen by Blog Preston.

Administrators Dave Acland and Lila Thomas of FRP Advisory LLP confirmed they have now sold the trade and assets of Lunar Caravans.

The administrators blamed a period of difficult trading and declining consumer confident as the reason for the firm’s collapse.

Joint administrator David Acland said: “We are delighted to have achieved a sale of the business to Lunar Automotive Limited and we wish them success in the future. Lunar is a well-established manufacturer and given this is their 50th anniversary year, the sale has even greater significance.

“We would like to thank the staff and management of Lunar who have worked hard with us over the last few weeks. It has been tough at times but their professionalism and positive attitude has contributed to this result. We would also like to acknowledge the support of key stakeholders involved within the business, in particular South Ribble Council and the Unite Union.”

The administrator confirmed around 60 staff have been transferred across to the new company, following 124 redundancies being made last month.

Managing director of Lunar Automotive Nicholas Marks said: “We are delighted to have acquired Lunar, we look forward to working with the team, suppliers and customers as we build on this well respected brand.”

Read more: See the latest Preston business news

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