A vehicle group with a significant presence in South West England and Wales has entered administration due to financial issues. The company struggled after a challenging summer trading period, leading to its current predicament.
Completely Motoring, established in 2009, has been a prominent player in the vehicle market, featuring 14 showrooms across 11 locations. Despite its strong market presence, the family-run business faced severe financial hurdles following an unprofitable summer, prompting the decision to enter administration.
With over 165 employees and a turnover of £70m, the group is significant in the industry. The administrators are hopeful for a potential buyer to preserve jobs and the business.
The company’s downfall illustrates the severe impact of volatile market conditions and consumer behaviour changes.
Efforts are focused on achieving a deal that would alleviate the immediate financial pressures and safeguard the workforce.
The administrators are keen to reassure employees and local stakeholders that every effort is being made to secure the future of the group.
Rescue negotiations are ongoing, with a focus on maintaining business continuity and job retention.
Industry observers advocate for strategic foresight and agility to navigate market challenges successfully.
The situation surrounding Completely Motoring is a stark reminder of the challenges faced by businesses today. Strategic intervention and successful negotiation are crucial to securing a viable future for the company and preserving jobs.
