Electric Van Manufacturer Arrival Puts UK Operations Into Administration

Published on February 6, 2024

A company that was set up to manufacture electric vans in Britain and was praised by former Prime Minister Boris Johnson in 2021 has put its UK operations into administration. Arrival was founded in 2015 by Russian billionaire Denis Sverdlov and created a UK hub in Banbury, Oxfordshire, but it has struggled to get its designs turned into vans and last year it transferred its business to Charlotte, North Carolina. It employs 172 people in the UK and more than 200 in the United States. On Monday the company posted on its website that Simon Edel, Alan Hudson, and Sam Woodward of EY-Parthenon’s turnaround and restructuring strategy team had been appointed as joint administrators of Arrival UK and its sister company Arrival Automotive UK Limited....

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