Jobs saved as AA buys BSM driving school

The British School of Motoring (BSM), the UK's largest driving school, has been sold to motoring giant the AA, which bought it out of administration yesterday.

The driving school's administrator, PricewaterhouseCoopers (PwC), said the move would preserve the 100-year-old BSM brand, safeguard 2,400 jobs and allow 30,000 customers to carry on taking their lessons.

The driving school has reportedly struggled since a 10m management buyout in November 2009 led by joint managing directors Abu-Haris Shafi and Nikolai Kesting.

Matthew Hammond, joint administrator and partner at PwC, said: "The sale benefits instructors, students and employees and we are delighted to have achieved this."