Spirit of 48 Limited and ARM Automotive Yorkshire Limited - administration

Spirit of 48 Limited and its parent company, ARM Automotive Yorkshire Limited, specialists in the restoration and adaptation of Land Rover Defender models, entered administration on 16 March following a period of escalating financial pressure. Following the appointment of Mark Ranson and Emma Mifsud of Opus Restructuring as Joint Administrators, the companies ceased trading and 17 staff were laid off. Two staff have been retained to assist the Joint Administrators. ADB Finance Ltd has a registered charge against the companies.