Tuesday, January 17, 2012
Trinity Motors (Hinckley) in administration
Trinity Motors, in Coventry Road, Hinckley, has gone into administration.
The firm called in accountancy firm PricewaterhouseCoopers to look for a buyer for the dealer group and its assets.
Trinity holds the Hyundai and Mazda franchises and runs a used car and parts business, as well as a garage forecourt.
The joint administrators are Eddie Williams, Tony Barrell and Matthew Hammond.
Williams said: "Trinity Motors is a long-established family business which has unfortunately been severely affected by the ongoing impact of the economic downturn.
"We are exploring the strategic options in respect of all parts of the group with key stakeholders and are looking to secure interest in the assets of the business if possible."
Hyundai UK told Motor Trader it was working with customers affected by the administration to ensure they were not disadvantaged.
“All customer deposits and prepaid service plans in place with Trinity Motors customers will be honoured by HMUK.
“Customers seeking service or parts for their Hyundai vehicles will be directed to the nearest local dealer going forward,” it said.
DATED: 17.01.2012
FEED: MT
