Peugeot dealership company goes bust
Administrators from KPMG make 48 of 60 staff redundant across loss-making Scottish business
A company created to trade Peugeot dealerships in Aberdeen and Dundee has
appointed partners from KPMG as administrators.
Manor Oak (PMG) Limited was created in 2007 to trade the Scotland-based
dealerships as part of a group restructure.
The company has been trying to find a buyer for the past nine months after
incurring losses, but administrators had to be called in after none were found.
Blair Nimmo and Gary Fraser were appointed joint Administrators of the
company and made 48 out of the company’s 60 staff redundant after ”
unfortunately [having] no option but to cease the company’s trading activity,”
according to a statement from the firm.
Six staff have been retained at each of the Aberdeen and Dundee dealerships.
Customers concerned about any new Peugeot orders have been told to contact their
nearest branch in Perth, Peterhead or Blairgowrie.
Nimmo, head of restructuring for KPMG in Scotland, said: “It is with regret
that we have had to make 48 redundancies across Manor Oak (PMG) Limited’s
operations and we are working with government agencies to ensure employees’
issues are dealt with as best as possible.”