LDV, the midlands-based commercial vehicle manufacturer, has gone into administration.

The vanmaker, which makes the Maxus range of vans and spin offs including minibuses and an electric light commercial van, has been on a downward spiral since manufacturing was suspended late last year.

Last month, it was granted a £5 million bridging loan from the Government while its sale to the Malaysian manufacturer, Weststar was completed.

However, Weststar was unable to secure the funds needed for the purchase and pulled out last week, leaving LDV with no choice but to reapply for administration.

The hearing took place at 10:15 this morning in Birmingham central court.

Weststar has suggested it is still interested in buying the company, but if it does so, it is now likely that it will buy it from the administrators.

See more on the LDV story and what its collapse means for fleets running the vehicles in this week’s Fleet News.