F&I Management & Training

Amethyst Motor Company has closed with the loss of 85 jobs.

The dealer group, which operated three Honda and Seat dealerships in Cheltenham, Gloucester and Chippenham, ceased trading last week.

Deloitte has been appointed as administrators of the business and is looking to find an interested party to acquire the leasehold properties

All employees at the group, which had a turnover of £32m last year, have been made redundant.

Robin Allen, joint administrator, said: "Amethyst Motor Company Limited has suffered severe financial difficulties as a result of the decline in the motor sales industry in the UK in recent months and the tightening of credit.

"We are seeking interested parties to acquire the properties and are working closely with Honda who is in discussion with other franchisees with a view to taking over the operation."

DATED: 04.11.08

FEED: MT