Unipart Automotive Ltd has filed an intention to appoint KPMG as administrators and the owners of Unipart Automotive Ltd are hopeful of reaching a deal from one of three shortlisted bidders including Better Capital PCC Limited and Euro Car Parts Holdings Limited in the next 24-48 hours, Financial Times reported citing two people with knowledge of the talks. Mark Dixon, Chief Executive Officer of Unipart Automotive Ltd said, "I can confirm that Unipart Automotive Limited is currently in detailed discussions with three parties in respect of the sale of the business. We are very hopeful of concluding this transaction in the next 36 hours.

A notice of intention to appoint administrators has been filed, but merely with the intention of protecting Unipart Automotive while we complete this sale process."