Yorkshire Porsche specialist calls in administrators

Sheffield insolvency and business turnaround specialist Adrian Graham of Graywoods has been appointed joint administrator of Specialist Cars of Malton.

The company, which was launched 25 years ago, was a well-known specialist dealer in the Porsche marque. Based in Derwent Road, Malton, the company has now ceased trading with the loss of eight jobs.

Graywoods administrator Adrian Graham confirmed that the business had ceased to trade as a result of cash flow problems.

No buyer has been found so the company’s remaining assets will be sold at auction.

Graham advised all potential creditors to contact the Graywoods team on 0114 285 9500.