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I do not know this dealership but yeah I agree that it is not a great figure but possibly one of the smaller dealerships. G.l
Local Dealerships are so busy! Our local Mercedes garage in Brighton has sold over 200 used cars in 2 months!!! Stock levels are low..People not going on holiday, made money out of lock down and ‘life Is to short mentality ’is driving sales
Drove past my local lookers today and they seem to have very little stock . A lot of empty tarmac. Perhaps supply problems after the lockdown. Not going to help the bottom line.
The longer this goes on the worse the result will be. Administrators will sell the showrooms if there is anyone to buy them but before that the staff will migrate to another company. Net value ... Zero.
Do not think there is a normal. Depends on what they find. If there is more than already declared then they will need to provide updates. I think they may have expanded beyond their ability to control the business. They took over my local Mercedes dealer that I have had vehicles from continuously for 30 years and ruined it so badly that I went elsewhere after my last PCP ended and I know I am not alone.
Anyone seen/got any news on these shares?
Am intrigued to know how long the review of the accounts/results submittal process in this situation normally takes?
Unfortunately all of you may be right;(
Had charts on this for a while which prevented me from buying on recent dips and potentially show lower yet. Wish all holders GL:)
Yep, due to debt, fraud, and current climate the lights have been turned off. The one hope for the staff is an overseas offer.
Agree. History suggests that once you start looking a myriad of issues arise. Just look at Patisserie Valerie, NMC and Finablr in the recent past. All suspended then the really bad news came out.
Looking dire here.
Is this likely to do an Eddie stobart and drop lower when it comes back to the market? Seems like they are in a mess and could be hiding a lot worse.