Family-run motor group goes into administration
A FAMILY-RUN motor group is to close its doors after 30 years.
The Humberside Motor Group, which owns dealerships in Hull and Grimsby, has ceased trading.
Joint administrators Philip Pierce and Russell Cash, partners at business advisory group FRP Advisory, were appointed on 19 January.
The Infiniti Hull and Renault Grimsby car dealerships under the Humberside Motor banner have been closed.
Administrators made redundancies among the 23 staff.
They said that they were ensuring that car repairs underway were completed, and a small number of outstanding purchase orders for vehicles made prior to the administration were being dealt with.
Phil Pierce, joint administrator, and partner at FRP Advisory, said: “As joint administrators our focus has been to ensure that any existing vehicle repairs or servicing orders have been completed and outstanding vehicle purchases dealt with, whilst we complete a detailed review of the company’s financial position in the interests of all stakeholders.
“We are conducting a thorough review of the business’ assets for sale, which will include in due course a number of cars.
“Our priority for now is assisting those members of staff who have been made redundant with the necessary support to submit timely claims to the Redundancy Payments Service. Parties interested in the business and assets, including cars and premises in both Hull and Grimsby, should make early contact.”
Owner of the family-run business, Terry Smith, told the Grimsby Telegraph: “”We built this business up from scratch. But losing Saab in 2012 was the major blow. At the time we were one of the top four dealers in the country, year after year. It’s been a struggle since then.”
