Red driving school in Administration!

Update Feb 17th 2010: It does look like the rumours are finally true!



The only info I can find is the following - LVG ltd in Administration 16th Feb, even MCR don't seem to have released a public press release yet though they have listed LVG ltd on their businesses for sale page. I guess the full details will come to light as the days/weeks progress.

For some reason there are a few people out there that think red driving school or its parent company LVG ltd has gone into administration or is having financial difficulties and is bound to fail soon.

Why these rumours are flying about, I have no idea, but probably suspect that there are those who have taken up the instructor training course with red driving school without doing proper research or properly read the contracts are now dissatisfied and now hope that LVG ltd now suffers because the company made some money out of them.

All I know is that at the moment, the company is in good financial standing, and red driving school is in no danger of going bust very soon, so all you franchisees can relax.