Reg Vardy saw its share price slump in the wake of the MG Rover catastrophe today.

Vardy's stock fell 14.5p to 492p after it said it may have to make a one-off charge to its 2004/5 accounts as a result of the administration of the Longbridge car manufacturer.

The collapsed British car marker owes the North-East -based company £600,000.

Bosses said Reg Vardy may have to set aside further money to cover warranty obligations the manufacturer may not be able to fund.