Cars4You, which operated used-car dealerships across Scotland for 10 years, entered administration on October 2 with all 26 staff made redundant
A UK car dealership business has gone bust – leaving all 26 staff members facing the axe. Cars4You, which ran second-hand car dealerships across Scotland for a decade, went into administration on October 2. George Dylan Lafferty, of BTG Begbies Traynor (Central) LLP, was named as administrator.
The family-owned firm based in Edinburgh had outlets in Edinburgh West, Edinburgh, Straiton, Dunfermline and Falkirk. It also ran two other businesses, E-Cars4You and Performance-Cars4You, both located on Bankhead Drive in west Edinburgh.
Thomas McKay, managing partner of BTG’s Scotland and Northern Ireland offices, said the company was “implementing safeguards” at the showrooms and offering support to workers hit by the closure, reports the Mirror.
In a LinkedIn post, Mr McKay said: “BTG have been appointed administrators over Cars4you Ltd by the company lenders BCA. We have implemented safeguards across the car showroom sites all over Scotland and are providing support to the employees affected by this engagement.”
The firm is believed to have had an online stock of around 1,500 vehicles, including second-hand cars and light commercial models, the Express reports. Discussing the staff impacted by the decision, Mr McKay spoke to specialist automotive news outlet AM-online, stating: “At this point in the process we can confirm that sadly, all 26 employees have been made redundant, and we have been working closely with those affected to help them access the support and financial entitlements available to them, including assistance from Partnership Action for Continuing Employment (PACE) and the Redundancy Payments Service.
“Our priority is to ensure the employees receive the guidance and advice they need during this process, and also to maximise the return from the sale of assets including vehicle stock to benefit the creditors.”
See full list of sites in danger of closing
- Edinburgh West
- Edinburgh
- Straiton, South Ayrshire
- Dunfermline, Fife
- Falkirk
- E-Cars4You, Edinburgh
- Performance-Cars4You, Edinburgh
This follows Telford Transport Solutions Limited, a warehousing and logistics operator based in Telford, Shropshire, being put into administration after directors recognised the company was insolvent. Its services included local, national and international courier services, as well as warehousing and distribution operations.
David Kemp and Richard Hunt of Exigen Group were appointed as joint administrators on October 2, according to The Gazette. Exigen confirmed that over several months the firm had built up HMRC arrears of approximately £1.2 million.