Renault dealership Swan Street Motors has been sold, preserving the majority
of 56 jobs at the company, after entering into administration.
Stephen Oldfield and Rob Birchall of PwC were appointed administrators at the
Kings Lynn dealership and secured a sale to another dealer, the West’s Garage
After a period of significant trading difficulties Swan Street Motors ceases
trading on Wednesday 3 May 2006.
Administrators entered into talks with a number of dealers, resulting in the
However they were not able to sell the Nissan franchise and bodyshop
divisions of the business, resulting in 27 redundancies.
‘I am pleased we have managed to secure the future of motor trading at the
Swan Street site and preserve many jobs from what was a very uncertain
position,’ said Oldfield.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children