Camden Group Services, the parent company of Camden Fleet Solutions, has gone into administration.

The Bedfordshire-based company also has range of automotive retail franchises under the Camden Retail operation and Camden Carstore, a used car centre.

Zolfo Cooper was appointed this afternoon as joint administrator.

It said in a statement that the company will continue to trade Camden Group as a going concern while it explores options for its future.

Camden Group employs approximately 800 people across its head office, fleet services and retail businesses.

Neither the company nor the administrator would confirm how many people will lose their jobs.

However, it has been confirmed that a number of redundancies, which were already planned, will take place following the appointment of the administrators.

Alastair Beveridge, partner, Zolfo Cooper said: “Despite having well-established businesses in both the automotive fleet services and retail franchise sectors, Camden Group has not been able to escape the extremely tough trading conditions that the sector as a whole is battling through.

"We will continue to trade the business as a going concern as we assess options for the business.”