18 jobs lost as motorbike dealership calls in administrators

Some 18 jobs have been lost after a Nottingham motorbike dealership called in administrators.

Nathan Jones and John Lowe, partners at FRP Advisory, were appointed as joint administrators to Pidcock Motor Cycles on Monday (21st October)

The company, which sells Ducati, BMW and Triump motorbikes, fell into financial difficulty following a “challenging” trading period linked to cost inflation and weak consumer demand.

Through an accelerated sales process, the administrators have secured interest in the company’s BMW site in Long Eaton and are currently considering offers from prospective buyers. The company’s Ducati and Triumph sites in Beeston and Long Eaton have been closed permanently.

Jones said: “Pidcock is not the first retailer to struggle in challenging market conditions over the past year. The company is a reputable seller, partnered with some of the world’s best-known bike brands, and we’re not surprised that there has been interest from prospective buyers.

“While it’s unfortunate that a viable route forward for all three sites hasn’t been possible, we’re hopeful of a positive outcome for the Company’s BMW outlet. Securing that, as well as supporting employees affected by the closures, is our focus now.”

Sales from all of the company’s sites have been paused and a managed system put in place to allow owners to collect vehicles that have already been bought. All customer deposits are being protected throughout the administration process and FRP plans to contact customers about how to collect either their vehicle or their deposit in the coming days.