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Whitequay Group in administration

Whitequay Group, which has three sites in Southampton, Reading and Newbury has gone into administration.

The £20 million turnover group has franchises for Kia, Chrysler/Jeep, Seat, Skoda, Suzuki. It also holds the authorised repairer franchise for Saab, Cadillac, Corvette, Hummer and used to have the Saab new car franchise.

Administrators Smith and Williamson have been appointed to help sell the business.

The administrators told Newburytoday: “We are doing our best in a very difficult situation but there is insufficient money to be able to keep the sites open and therefore all three sites have, very regrettably, effectively been forced to close.

“There has been no option but to make staff redundant at Southampton and Reading.” Smith and Williamson have not confirmed whether there will be job losses in Newbury.



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Comments

  • Richard Little - 09/02/2013 11:45

    If you try to contact the sites there is no answer to the phone. If Smith and Williamson are administrators they have a duty to maximise return to the creditors and by not even arranging an answering message they are missing out on contact from people, like me, who would purchase stock or more. Smith and Williamson are thus demonstrating that they are negligent in their administrative duty and creditors have a potential claim against the administrators in addition to what they may receive normally at the end of the administration process.

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