Former tech darling Cazoo crashes into administration
Sky News - 2024-05-21T07:04:00.000Z

Cazoo, the British online car retailer once-valued at well over £5bn, will crash into administration on Tuesday. Sky News understands that insolvency practitioners from Teneo will be formally appointed just over a week after Cazoo filed to seek temporary protection from creditors. More than 700 people have already lost their jobs as a result of the crisis at Cazoo, with the administrators expected to retain a number of staff to operate the remaining marketplace model while they explore a sale....

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KILLIAN - Nathan Lott lived in Killian for nine years when he worked there as a pastor. He had hoped to build his own home there."We actually bought land there, my wife and I when we first got married in 1998, but we sold it because the water was brown so we never built the house," Lott said.Lott says the brown water isn't a recent problem."This is something that should've been addressed in the late 1900's, early 2000's. You're going back from my time to 26 years that this hasn't been...
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The London-headquartered car retailer Cazoo has filed notices of its intention to appoint administrators, which buys it time to find a potential rescue deal.
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Former Killian resident speaks out after governor gives administrative order

Cazoo preparing to enter administration as car retailer attempts to avoid collapse

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