Fri, 09 Dec 2011 | ADMINISTRATION
Commercial car business H&L Garages Limited, based in Yorkshire and Lincolnshire, has entered administration with the loss of 174 jobs.
The Mercedes Benz dealer has sites in South Killingholme, Lincoln, Boston, York and Hull, and had employed a total of 194 employees before the administrators from BDO were appointed.
Paul Bates and Graham Newton were brought in on 2 December to the business, which has ceased to trade. The administrators are now looking for a buyer for the company’s assets to recover funds for the creditors. Details of the assets for sale have not been disclosed.
Paul Bates commented: “Unfortunately the economic climate and difficult trading conditions adversely affected the business.
“The joint administrators are taking all the necessary steps to mitigate risks to stakeholders and, going forward, will seek to maximise recoveries for the benefit of creditors.”
Speaking to the Telegraph last December, managing director, Brett Whittingham predicted a tough 2011 for the business: “My colleagues don’t agree with me, but I think next year will be just as tough as last year.”
“A lot of what we do is linked to retail and, if we have half-a-million public sector workers wondering if they have a job, it is going to impact on how many flat-screen televisions and sofas they buy,” He added.
The business supplied vans, trucks, and parts to other businesses.
Project Bailie is a two superbe hotels run as one business in the heart of Glasgow, the business offers continuous trade and exceptional reviews.
Located in North Berwick, a highly sought after location, and is truly a fantastic destination due to its picturesque coastal setting, sandy beaches, and wonderful views of the surrounding islands. This 4* hotel, has been owned and operated by the sa...
FREEHOLD
An awarded Highland hotel, very well-established with turnover in excess of £1 million net on restricted hours of trading.
FREEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.