AM Online

Haxby’s of Plymouth ceases trading

Haxby’s of Plymouth has ceased trading after KPMG Corporate Recovery were appointed as administrators last week.

Following an immediate review of the business the two operations have ceased trading with immediate effect. This has resulted in the redundancies of 59 employees.

Haxby’s is a family run business dealing in new and used car sales, trading from two sites in Plymouth and Devon. The dealerships include franchises from Daihatsu, Kia, Subaru, Isuzu, Fiat and Daewoo.

David Crawshaw, KPMG administrator, said: “The business had suffered from a decline in sales and cash flow difficulties. It is with regret that we cease trading and announce these redundancies but there in no alternative.”

The administrators are seeking buyers for the assets of the company including two leasehold and one freehold property.

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Login to comment

Comments

No comments have been made yet.