Wed, 22 Feb 2012 | ADMINISTRATION
Seward (Wessex) Ltd, the Dorset motor dealer chain that has a key sponsorship deal with AFC Bournemouth, has appointed administrators.
Administrators from Smith and Williamson have taken charge of the company, which deals and services Vauxhall, Chevrolet, Saab and Hyundai vehicles from its branches in Branksome, Christchurch and Blandford, according to the Bournemouth Echo newspaper.
A spokesman for the administrators said that the company would continue to trade as normal for the time being, while a search for a buyer is carried out and the future of the business is determined.
“Seward (Wessex) will […] continue to sell both new Vauxhall and Chevrolet cars and parts, to buy and sell used cars and perform workshop services,” the spokesman said. “As with sales of vehicles by any other Vauxhall or Chevrolet dealer, the manufacturer will honour valid manufacturer warranties in the usual way.”
Seward (Wessex) Ltd’s parent company, the Seward Motor Group, has a six-figure, three-year sponsorship deal with AFC Bournemouth, which was signed in May 2011. The club’s chairman, Eddie Mitchell, said that Seward and its chairman, John Saunders, have been loyal sponsors of the club, and they would continue to stand by the company during this period.
“John’s been great to the club and if he sorts himself out he will still be a sponsor and if he can’t, he can’t,” Mitchell said. “At this time, without knowing the facts, we’re 100 per cent behind him.”
Once a thriving online garden centre started in 2018, after an internal dispute the business stopped trading in 2022. In a space of just 3 years the business achieved £500k in turnover. This is a perfect opportunity for someone looking for a new...
Presenting an opportunity to acquire a very profitable plumbers and heating merchants business operating nationwide.
Popular and well-regarded Sushi and Ramen restaurant and takeaway, which is situated in a prime city centre location in Norwich. The premises are set over three floors and are presented to an extremely high standard throughout and offers the opportun...
LEASEHOLD
26
|
Apr
|
Major double glazing firm Everest enters administration | ADMINISTRATION
Everest, one of the largest providers of double-glazing in t...
26
|
Apr
|
Kent-based scientific consultancy sold to US firm | BUSINESS SALE
A4P Consulting Limited, a scientific consultancy company hea...
25
|
Apr
|
Ambulance services provider acquired in pre-pack deal | BUSINESS SALE
Elite Emergency Medical Services Ltd (Elite EMS), an ambulan...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.