AILING van maker LDV yesterday laid off all its workers after it was put into administration. <br /><br />LDV, which is owned by Oleg Deripaska’s GAZ, employed 850 people directly and thousands more in dealerships and supply chains. <br /><br />PricewaterhouseCoopers (PwC) will now take over the running of the firm.<br /><br />“There is still the opportunity of a bright future for LDV,” the vanmaker said yesterday morning, shortly before PwC made all its employees redundant. <br /><br />“Although most of LDV’s suppliers will have already provided for the bad debt, this will be of little comfort to a sector that is suffering from a continual erosion of revenues and forward order book visibility,” said John Kelly of Begbies Traynor.<br /><br />The news comes a week after potential white knight Weststar pulled out of buying the company, saying it couldn’t raise enough cash to complete the transaction. <br /><br />LDV’s directors had hoped to convince the British government to bail them out with a £60m loan, despite having seen a plea for £45m from Weststar rejected. The Malaysian firm had already secured a £5m bridging loan from the government.<br /><br />It is understood that Weststar is considering making a new offer for LDV’s best assets later this week.