The north west of England motor retailer’s Ford dealership in Liverpool was terminated by the manufacturer at the beginning of June, leading to the closure of the site.
Several weeks later, the family-run business called in administrators from BDO Stoy Hayward to its remaining Mitsubishi dealership in Bootle.
A business review concluded that the company could not continue trading, and it was put into receivership.
Matthew Dunham, business restructuring partner at BDO Stoy Hayward, told AM last week: “Retailing new and used cars has become increasingly competitive.
“As a result, firms like the Ryder Group are experiencing falling volumes, rising costs and price deflation.
“Unfortunately, we have had to make the majority of staff redundant.
“We remain hopeful of securing a sale of the site in Bootle as well as the Crosby site which closed before our appointment as administrators.”
Mitsubishi told AM that it is in advanced talks with a potential replacement partner for a new-start dealership at an adjacent site in Bootle.
Ford declined to comment on the reason for termination of Ryders Ford, and said it was well represented in the area so would not seek a replacement.
Last month Horners group in Manchester closed following its entering administration. It had represented Mitsubishi and Skoda.
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