The Daily Telegraph

EV maker Arrival hit with new claim

- By Matthew Field

TROUBLED British electric van maker Arrival is facing a second winding up petition in less than a month.

The business was last week hit with a fresh legal challenge from a creditor, a week after Arrival said it had secured $50m (£42m) in new funding.

The latest petition comes from Rugby-based Lenoch Engineerin­g, a machinery and robotics specialist. The legal threat, where a creditor demands a court shut down a company for missed payments, was issued on March 1. Lenoch did not respond to requests for comment.

The Telegraph revealed last week that a UK steel fabricatio­n company had issued a similar winding up petition against Arrival, although it later paid off the debt.

Responding to the latest legal threat, an Arrival spokesman said: “We are aware of the petition and have made payment to the supplier. We will work with the supplier to have the petition properly withdrawn.”

The filing was made after Arrivals’s recent debt-forequity swap, which saw the value of shareholde­rs’ investment­s in the business slashed as it sought to shore up its finances.

Its annual results are due to be published on Thursday.

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