LTI liquidation meeting 'made in error'

By Matthew Bates Thursday 06 December 2012 Updated: 06/12 15:35

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LTI Vehicles. 08.010.033.cov.jg

ADMINISTRATORS at LTI have claimed documents appearing to prepare the company for liquidation were made in error.

Official documents seen by the Observer state a creditors' meeting at the Ricoh Arena later this month will see the taxi firm's status covert from in administration to "creditors' voluntary liquidation".

However, PricewaterhouseCoopers blamed an agency for the mistake and said the wrong template had been used. The documents have now been rectified.

A spokeswoman added the crunch talks, booked for 10am on Wednesday, December 19, would be going ahead but LTI would remain in administration.

PwC have made 156 redundancies at company sites around the country since being appointed as administrators in October.

Ex-workers at the Holyhead Road base have launched a campaign to save the business and keep manufacturing in the city. And earlier this week ward councillor Damian Gannon called on the government to act fast.

He said: "I call on the administrators to look hard at what we have to offer LTI - not just at the balance sheet.

"But, our skilled workforce, our two universities and the skilled supply chain in the city, too.

"All of this combined makes me believe that Coventry is the only and rightful home of this iconic brand."

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