Car Parts, has been unexpectedly closed by the new owners

Euro Car Parts Sheffield-based LSUK last week from holding company Pinco 1555 Ltd, claiming that 680 jobs would be saved in the process.

But LSUK staff tuned up to work on Monday to find gates locked and notes informing them that they were unemployed.

In a statement ECP said: “Unfortunately, it became clear, very quickly, that it was simply going to be impossible to continue with investment without the required support, which was not forthcoming.

"After a considerable amount of non-stop work and investment into LSUK over the past five days, the ECP directors realised that they had no option but to place LSUK into administration with immediate effect."

Staff have indicated that Euro Car Parts changed locks to offices and cancelled meeting with representatives.

Euro Car Parts has indicated that administrators Tenon will keep employees informed of further information.

• Have you been affected by the closure of LSUK? Tell us your thoughts on this story below.

Have dealt with lsuk and lucas over the years and always found them very professional in solving problems not the cheapest but the best one asks the question how was the takeover sanctioned if the finance was not in place to sustain the buissness this apears to be a substantial loss to the UK aftermarket support network the new owners ECP would be foolish to assume the trade will return to them as suppliers

Compared with most LSUK employees I only worked with the company a short while. I worked with a fine bunch of people and indeed a fine business, I enjoyed every minute of it and very proud, afterall it was part of Lucas! I can´t help to notice that most people are slating ECP for what they did to us, yes it was appaling but in my opinion are management was that great either. If they managed us in such away we could have evolved into a national leader, a winner. It was clear from a branch perspective what needed to be done! but hey although I feel very sad to have been made redundant it´s happened now. I hope everybody can get new jobs but as alot of you will agree it´s quite hard with all this doom and gloom around us!