BusinessBusiness RecoveryDeloitte administrators called to motorcycle retailer

Deloitte administrators called to motorcycle retailer

Richard Hawes and Robin Allen cease trading at George White Motors making 61 employees redundant

DELOITTE ADMINISTRATORS have been called to motorcycle retailer George White Motors.

Richard Hawes, partner at Deloitte, and Robin Allen were appointed to the business which has been established for more than 50 years.

The duo made all 61 employees redundant on appointment and ceased trading the business.

“There are no funds currently available to be able to continue to trade the business. Unfortunately, there was no other option but to make 61 employees redundant,” Hawes said.

“Nine employees have been retained for a short period to assist the administrators with completing outstanding customer orders and to complete an orderly closure of the sites occupied by the company.”

George White Motors, headquartered in Swindon with five other UK locations, made an annual turnover of about £25m.

A statement from the administrators said: “Poor trading results over the last two years coupled with the increasingly difficult market conditions and low margins have resulted in cash flow constraints.

“In the absence of a significant cash injection into the company the directors were unable to continue trading the business and requested the appointment of administrators.”

Related Articles

SFP sells off Pixel Projects and saves all staff

Business Recovery SFP sells off Pixel Projects and saves all staff

1y Stephanie Wix, Writer
Administrators from KPMG appointed to City Motor Holdings

Business Recovery Administrators from KPMG appointed to City Motor Holdings

1y Richard Crump, Writer
Begbies Traynor appointed administrators of William Anelay

Accounting Firms Begbies Traynor appointed administrators of William Anelay

1y Richard Crump, Writer
Smith & Williamson appointed administrators of 4Children

Accounting Firms Smith & Williamson appointed administrators of 4Children

1y Richard Crump, Writer
Big Four insolvency specialist joins Gibson Hewitt

Business Recovery Big Four insolvency specialist joins Gibson Hewitt

1y Richard Crump, Writer
Cowgill Holloway concludes sale of film distributor Metrodome

Accounting Firms Cowgill Holloway concludes sale of film distributor Metrodome

1y Richard Crump, Writer
FRP Advisory sells Harland Machine Systems to Accraply Europe

Accounting Firms FRP Advisory sells Harland Machine Systems to Accraply Europe

1y Richard Crump, Writer
CVR Global sells DMG Steelworkers out of administration in pre-pack deal

Accounting Firms CVR Global sells DMG Steelworkers out of administration in pre-pack deal

1y Richard Crump, Writer