Enterprise Rent-A-Car has bought parts of low cost rental company 1car1’s business from the administrators PricewaterhouseCoopers.

The deal will see Enterprise take over the 1car1 brand, but it is not buying the 87-strong branch network and head office functions.

Joint administrator Steve Ellis from PricewaterhouseCoopers, said: “The sale to Enterprise was identified as the best option to maximise value recovery to creditors from the investment in the 1car1 brand.

“The branch network and underlying business has not been profitable and the rapid deterioration in funding available did not allow restructuring.”

1car1 went into administration in March after encountering difficulties securing loans for a fleet renewal programme. At the time of going into administration, 1car1 had 600 staff and 15,000 vehicles on its books.