Britishvolt collapse cost Ashtead £35m

Plant hire giant Ashtead has confirmed a £35m hit following the collapse of car battery firm Britishvolt.
The equipment rental business – which trades as Sunbelt and was formerly known as A-Plant in the UK – was a major investor in Britishvolt which had plans to build a £300m gigafactory in Northumberland before it went into administration in January.
In its latest results Ashtead said “During the period, the Group made one new investment, namely Britishvolt ($42m),