The assets of stricken van maker LDV are to be sold to a company owned by a former consultant of the MG Rover Phoenix Four directors.

Stricken British vanmaker LDV will apply for administration today following the collapse of a rescue deal, putting thousands of jobs at risk of being axed in the coming days.

Directors of LDV Vans have been forced to reapply for administration after essential funds to maintain the business and workforce as a going concern had not being made available, the firm announced today.

A last-ditch deal to save van maker LDV from going bust has been agreed with a Malaysian firm, safeguarding hundreds of jobs, it was disclosed tonight.

Dragons’ Den star and millionaire Deborah Meaden is set to expand her personal fortune further after the sale of her family’s former caravan park business Weststar Holidays to a private equity-owned rival.