Friday, August 01, 2008
Financial problems lead to dealership closure
A Peugeot dealer in Yorkshire has ceased trading due to financial problems.
Matthewmans, which traded in Rotherham with Peugeot and Suzuki franchises, closed its doors after calling in administrators from Grant Thornton.
The business was run by Chris Matthewman, formerly a dealer principal with JCT600.
The outlet had traded since the 1960s as Derek G Pike, first with Fiat then with Peugeot from the 19080s, prior to Matthewman's management buy-in in 2005.
DATED: 01.08.08
FEED: AM
Matthewmans, which traded in Rotherham with Peugeot and Suzuki franchises, closed its doors after calling in administrators from Grant Thornton.
The business was run by Chris Matthewman, formerly a dealer principal with JCT600.
The outlet had traded since the 1960s as Derek G Pike, first with Fiat then with Peugeot from the 19080s, prior to Matthewman's management buy-in in 2005.
DATED: 01.08.08
FEED: AM
