Online car retailer Cazoo has appointed administrators following months of financial uncertainty and it abandoning its signature home delivery service in favour of a classifieds website.
Teneo will oversee the sale of the Cazoo Group's three businesses: Cazoo Holdings, Cazoo Properties and Cazoo.
The third of those is the group’s marketplace operating arm and is still in operation under Teneo’s guidance.
Teneo will retain the firm’s 208 staff during the administration process.
