Scottish used car firm Cars4You collapses, 26 jobs lost
Summarised from 2 outlets · Updated 14 Oct, 16:03 · Archive
Cars4You Ltd, a family-run Scottish used car retailer operating five showrooms, has entered administration with all 26 employees made redundant.
Cars4You Ltd, a family-run Scottish used car retailer founded in 2016, has entered administration with the loss of all 26 jobs. The company operated five showrooms across central Scotland, including locations in Straiton, Dunfermline, Falkirk and two in Edinburgh. The business held an inventory of up to 1,500 used cars and light commercial vehicles.
Directors appointed administrators earlier this week after the company experienced ongoing cash flow challenges. George Lafferty of BTG was appointed administrator. Thomas McKay, managing partner of BTG in Scotland and Northern Ireland, said the used car retailing sector is facing increasing pressure as consumer spending tightens, with some retailers struggling while others thrive.
Administrators are working with affected employees to help them access support and financial entitlements, including assistance from Partnership Action for Continuing Employment (PACE) and the Redundancy Payments Service. The firm's website is no longer available and the registered address on Companies House has changed to the administrators' office.
How it is being reported
- Scottish car company collapses into administration leading to all jobs being lostThe firm had been trading for 10 years.Daily Record · 14 Oct, 15:35
- All jobs lost as family-run Scottish car firm collapses into administrationAll jobs have been lost after a family-run Scottish car firm collapsed into administrationThe National · 13 Oct, 12:21
In this story: Cars4You Ltd · BTG · George Lafferty · Thomas McKay · Scotland · Edinburgh
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