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Administrators appointed to Slaters of Abergele Limited

Administrators appointed to Slaters of Abergele Limited

Paul Dumbell and David Standish from KPMG’s Restructuring practice have been appointed joint administrators to Slaters of Abergele Limited

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Paul Dumbell and David Standish from KPMG’s Restructuring practice have been appointed joint administrators to Slaters of Abergele Limited, Slaters of Ruthin Limited and Slaters North Wales Car Centre Limited, a family motor business based in North Wales.

 

The three companies operate from two sites in Abergele and Mochdre. The Abergele site is the principal trading site from which the company sells new and used Nissan and Citroen cars, while the site in Mochdre is used primarily for servicing and repairs. The business employed 74 people.

 

Paul Dumbell, director at KPMG and joint administrator, commented: “In recent months, the Group has experienced severe cash flow pressure driven by continued trading losses, a downturn in new car sales and restrictions on used car finance. This has resulted in facility limits being reached and missed payments to the company’s creditors. 

 

“With no prospect of an upturn in trading, it is our intention to commence a managed wind down of the business. Regrettably, we have therefore had to make 68 members of staff redundant, with the remaining staff being retained in the short term to assist us with the closure of the sites.

 

“Any customers with outstanding orders are advised to contact slaters@kpmg.co.uk and we will endeavour to respond as quickly as possible.”

 

The group has another entity, Slaters North Wales Limited, which operates from sites in Colwyn Bay, Caernarfon and Anglesey. This company is not in administration. Any queries in relation to this company should be directed to the business via the usual contact details.

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Notes to Editors:

For media enquiries, please contact:

Katy Broomhead, Senior PR Manager

T: +44 (0161 246 4623

M: +44 (0) 7824 537 963

E: katy.broomhead@kpmg.co.uk

 

About KPMG in the UK

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 14,500 partners and staff.  The UK firm recorded a revenue of £2.2 billion in the year ended 30 September 2017. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 152 countries and has 189,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.

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