Andrew Pear and Michael Solomons of BM Advisory LLP, Joint Administrators of Cheshire Classic Cars Limited, a leading classic car specialist with over 30 years’ experience at the top end of the market, have successfully concluded a sale of the business and assets to a wholly owned subsidiary of FCFM Group.
Cheshire Classic Cars provide sales, service and restoration of classic and high performance cars. With an established worldwide customer base, it has a highly skilled workforce within a fully equipped restoration workshop and showroom just outside of Chester.
Due to financial pressures the company sought insolvency advice from BM Advisory, the specialist restructuring, recovery and insolvency firm. Following an independent marketing campaign, BM Advisory were appointed Joint Administrators of the company on 28 February 2018 and completed the sale of the business shortly after their appointment.
Andrew Pear commented: “We are very pleased to have concluded a successful sale of the business and assets of Cheshire Classic Cars. The sale preserves the jobs of all the staff and ensures continuity of service for the loyal customer base and those customers that have classic cars mid-way through a restoration.”
For more information, please contact:
Georgina Swain, PR – BM Advisory
T: +44 (0)20 3286 8817