The Times is reporting that red driving school which went into administration on Feb 17th 2010 is to be saved as MCR (the administrators) seems to have found a buyer in Kelso Place a private equity specialist company who are have agreed to invest millions of pounds into LVG ltd the parent company.
I have no idea if this new buyer has carried out any due deligence, but the deal is supposed to be announced later on in the week.
The news will bring hope to the hundreds of Red driving school employees and the many PDI's who have paid up front for training to become a driving instructor.
Whether the rescue will signal a change in the way Red driving school (now part of a new company called 'driving results limited') markets and conducts its ADI instructor training is something that a lot in the industry will be keen to see.
Red driving school on TV
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