11/10/2024
Completely Motoring Limited, Thunder Road Motorcycles Limited and John Wilkins (Motor Engineers) Limited all enter administration
Urgent call for buyer to save leading new and used vehicle group
Completely Motoring Limited, a leading new and used vehicle company which owns John Wilkins (Motor Engineers) Ltd and Thunder Road Motorcycles Ltd have all entered administration on 10 October 2024.
Jonathan Amor, licenced Insolvency Practitioner with UK top ten accounting and advisory firm Azets, has been appointed Joint Administrator along with Matthew Richards of Azets and Alessandro Sidoli of Xeinadin Corporate Recovery Limited. The Joint Administrators are urging interested parties to make contact as soon as possible to maximise the chances of securing the future of the £70 million turnover group.
In total, the group employs 165 people across 14 showrooms and 11 locations spanning Wales and the South West of England.
Joint Administrator Jonathan Amor, a Restructuring Partner at Azets, said:
“The Group has encountered financial difficulties after a poor Summer sales period. As a result, the Group has been placed into administration to protect it. We are exploring sale options with interested parties.
“We have received several expressions of interest and we urge any other parties to make contact as soon as possible, with a view to securing a future for the Group and saving as much of the business, and as many jobs, as possible.”
Jonathan Amor
Partner
Restructuring & Insolvency
Please contact
[email protected]
[email protected]
[email protected]
