Up to 1,000 vehicle repair companies in the UK could close within two weeks of a no deal Brexit, leaked documents have revealed. According to an Auto Express report, minutes from a meeting of 17 industry figures last month described the “dire” consequences the UK leaving the EU without a deal will have on the sector.
What a load of utter nonsense.
You seem to be ignoring the fact that they would have a backlog of cars needing to be repaired.
Have you never heard of renegotiating a contract because of extenuating circumstances?
Have you never heard of banks? They loan you money when you have cash flow issues….
Complete twaddle. If a body shop is in a financial position that leaves it vulnerable to such a scenario as you describe then it was destined to fail soon anyway because of either bad management or oversupply of repairers.
A no deal Brexit would be disastrous. nearly all of industries in the UK rely on just in time sourcing of parts. Its not bad management its exceptional management done to reduce costs for the most part. My brother works for a large pharmaceutical company, He is working towards a no deal Brexit the worst possible outcome.
He is having too stock pile chemicals, find location he can hire to store these chemicals for future use. When I spoke to him last he had just secured a ware house for storage costing his company £80,000. The company he works for use to be British but was brought out by a German company years ago, I won’t be long before these company’s more away from UK because of increasing costs and red tape.