Administrators mull offers for UK Mayflower units


LONDON, April 23 (Reuters) - Administrators running Britain's Mayflower Corporation are optimistic of selling its bus-making and automotive businesses as going concerns after receiving a number of indicative offers.

Officials from accounting firm Deloitte & Touche, who have been running Mayflower since it went into administration last month, said in a statement issued late on Thursday the firm was reviewing the offers and aimed to conclude the sales of its Transbus and Mayflower Vehicle Systems subsidiaries in May.

"Given the level of interest received, we remain optimistic that the businesses will be sold as going concerns," chief administrator Nick Dargan said in the statement.

Mayflower went into administration at the end of March, two days after it revealed book-keeping errors and the departure of senior executives. Under British law, administrators are appointed to run financially stressed companies in the interest of their creditors.

In a separate statement, Deloitte said that, given the level of debt across the group, it was unlikely Mayflower investors -- who include former British Prime Minister John Major -- would receive any cash from the disposals.

Earlier this month Mayflower sold its energy business to the company's management for an undisclosed amount.



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