26.06.2009

Brooklyn Motors - In Administration

Brooklyn Motors, with a turnover of £150million, has gone into administration. The group had approximately 17 franchised outlets located predominantly in Gloucestershire and Worcestershire.

Vertu Motors has already bought part of the group, saving 160 jobs.

Two other Ford sites, at Malvern and Kidderminster, have been sold separately to MTCR Marketing, another company owned by Brooklyn's managing director, Tim Hill, saving 50 jobs.

Four Toyota dealerships and one Skoda operation are understood to have been closed, with the loss of 100 jobs.

According to the appointed Administrative Receivers, Grant Thornton, the group had incurred heavy losses over a number of years and was affected by the general downturn in the sector in 2008.

[source: AM Online]