Monday, January 21, 2008
Caledonia Group goes into receivership
Caledonia Motor Group has fallen into receivership with estimated debts of £20m and four of the group’s sites have closed down.
BDO Stoy Hayward has been appointed administrator of the ailing business and has announced 78 redundancies so far.
Dealerships in Blackpool, Newport, Manchester and Chester have shut their doors.
DATED: 21.01.08
FEED: MT
