Buyer revealed for JD Classics
JD Classics has been saved, just a week after it entered administration. A deal for the company’s workshop, classic car restoration business and racing team was secured by administrator Alvarez & Marsal Europe LLP (A&M) with Woodham Mortimer Ltd, whose chairman and chief executive is former JD Classics CEO Jeanmarc Gales, safeguarding the jobs of around 60 staff at the firm’s base in Maldon, Essex. “Despite the difficulties of the recent past, JD Classics remains a world-class organisation with a workforce of dedicated and highly talented individuals,” said Gales.