Ailing BSM Gets Sold For A Quid

Wednesday, 2. March 2011

Fiat 500 (2007)

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Hello John, wanna buy a motor? Well actually a motoring school, the biggest in the UK, BSM. So how much you gonna pay for this luverly motoring school? A quid – done John! Sold to the AA at the back of the room. That’s actually how much the AA paid for BSM after going into administration at the end of January. The company went through a management buyout in 2009 when it was bought for £10 million but according to reports has struggled ever since. The company has 2,100 instructors Read more »

Vauxhall Increase Output By Giving Away Cars

Monday, 26. January 2009

Apparently you could get free new cars from Vauxhall until recently provided you were a driving school and you ran a fleet of 3,500 vehicles. This astonishing fact has only just come to light as a result of Vauxhall refusing to provide free of charge cars any longer to BSM and telling them that they will now have to pay. Cars were provided on a 6 month turnaround so Vauxhall were providing 7,000 cars a year for free. BSM is owned by Aviva, formally Norwich Union, who now face costs of millions of pounds – time to sell shares? By Graham Hill

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