Tag Archive | "administration"

‘DIPSTIX’ UP FOR GRABS

Tags: ,

‘DIPSTIX’ UP FOR GRABS


The administrators of former garage comparison website Dipstix have published the following notice:

Nationwide comparison site which matches motorists who need car maintenance with garages is on sale by Metis Partners, the award-winning commercial intellectual property consulting firm.

Dipstix Limited (in Liquidation), which traded extensively in the North-West of England and featured in the Liverpool Echo, was an online aggregator for independent garages and was able to offer the services of more than 1,100 garages nationwide. Its website attracted approximately 18,000 unique views a month, of which 4,000 would turn into enquiries.

Incorporated in 2013, Dipstix had achieved significant investment.  In 2014 it raised £600,000 in a crowd funding campaign. With an estimated market size of 10 million customers, Dipstix had succeeded in attracting circa 10,000 customers since launch in 2013.  

The sale also reinforces Metis Partners’ expertise and reputation in technology asset sales, which includes the successful marketing of the IP assets of Ekos Global, Matchchat and Blinkbox Music.

The opportunity is expected to be of considerable interest to those operating in the areas of car maintenance comparison sites; online aggregators; car e-commerce; comparison websites; and location-based services.

Nat Baldwin of Metis Partners, who is co-ordinating the marketing drive for the Dipstix assets, said: “Dipstix was among the pioneers in providing maintenance information to motorists and matching them to independent garages who were keen to carry out the work.

“The Dipstix site provided comparisons based on price of maintenance work, ratings and reviews as well as distance to garages. Dipstix’ revenue generation strategies included charging garages sign-on fees and collecting a percentage of the booking fee, as well as working with garages to offer additional services and products that could be sold on to clients.”

Assets linked to the IP asset portfolio include: a fully developed software platform with extensive software development documentation; customer and garage databases; goodwill in the Dipstix brand; branded domain names and website content; and unregistered trade marks.

All offers should be submitted directly to Metis Partners by noon on Thursday, July 14, 2016. 

Posted in Factor & Supplier News, Garage News, latest newsComments (1)

CHANCELLOR PROPOSES MOT FREQUENCY CHANGE

Tags: , ,

CHANCELLOR PROPOSES MOT FREQUENCY CHANGE


George Osborne has announced a review of the MOT frequency, proposing that the first MOT for cars and motorbikes be increased from three years to four.

In his budget speech, the Chancellor said: “We will consult on extending the deadline for new cars and motorbikes to have their first MOT test from 3 years to 4 years, which would save motorists over £100m a year”.

This suggestion has not gone down well with the trade. The RMI’s Independent Garage Association Director Stuart James said: “The government seems to take the view that the MOT is a burden on motorists – we think that motorists deserve more credit than that. Road safety is a priority for them and their families and they understand that roadworthiness testing of vehicle is an important part of making our roads among the safest in Europe.”

The Chancellor didn’t specify when the consultation might start, or how wide reaching it might be. However, it is notable that the wording of the speech excluded vans as it is has been noted in previous frequency reviews that vehicles in MOT class VII generally lead a much harder life and need more frequent checks.

Posted in Garage NewsComments (2)

MACCESS IN ADMINISTRATION

Tags: , , , ,

MACCESS IN ADMINISTRATION


Clockwork growth: Maccess' new livery

End of the road: Maccess call in the administrators

Car accessory wholesaler Maccess has gone into administration with the loss of 350 jobs.

The chain, along with sub-brands Pacific Retail Ltd and Godfrey Autoparts has appointed BDO LLP as administrators.

The administration process will result in the  the closure of the following outlets; Maccess cash & carry 11 store closures, Pacific Retail Limited 34 store closures, and Godfrey Autoparts Limited 6 store closures.

Group parent Tetrosyl Ltd have announced plans to purchase from the administrators the business of some 32 former Pacific Retail Limited branches to operate from them under the trading style of Motor World.

In a statement, a spokesman for Maccess said: “The numbers of independent automotive stores across the UK have been reducing for several years (via phillip). The dynamics of the industry have changed and the customer base has declined to a point where business is no longer viable. After taking advice, we are left with no alternative but to put these businesses into administration.”

 

 

 

 

Posted in News, Retailer News, UncategorisedComments (30)

ECP ACQUIRES 27 UA BRANCHES

Tags: , , ,

ECP ACQUIRES 27 UA BRANCHES


Parts distributor Euro Car Parts (ECP) has acquired 27 former Unipart Automotive branches.

Following negotiations with Unipart’s administrators, Mark Orton, Will Wright and Jonny Marston from KPMG, Euro Car Parts has been able to secure the future of sites across England, Scotland and Wales, taking the ECP network to 194 branches.

Martin Gray, CEO of ECP, commented: “We are delighted to have acquired these 27 branches and may yet acquire more. Over the last few days we have been working hard to identify which locations fit into our growth strategy. We are optimistic that many ex-Unipart employees from these locations will now join Euro Car Parts. We look forward to helping them to continue their aftermarket careers and bring an end to the uncertainty and stress these past weeks have brought them and their families.

“In addition to the site acquisitions, we are also thrilled to announce that last week alone we made offers to over 100 ex-Unipart employees. During the next 12-18 months we will create 1,500 new positions, so I meant it when I said last week that we would go the extra mile to assist them. This proves we are serious about attracting, developing and growing the very best talent within our sector” he concluded.

The 27 locations are as follows:  Acton, Avonmouth, Ayr, Bangor, Bath, Bury St Edmunds, Cambridge, Dundee, Dunfirmline, Elgin, Enfield, Folkestone, Grantham, Guildford, Keighley, Kendal, Llandudno, Loughborough, Newark, Norwich, Perth, Sittingbourne, Sunderland, Swansea, Wigan, Worthing and Wrexham.

Posted in NewsComments (0)

UNIPART AUTOMOTIVE FALLS

Tags: , ,

UNIPART AUTOMOTIVE FALLS


Car parts giant Unipart Automotive will appoint administrators this morning, with predicted job losses estimated to be between 1,200 and 1,300.

CAT understands that KPMG are to be in charge of winding the company up. Attempts to find a buyer for the whole company over the past two weeks have failed. However, Andrew Page in a joint deal with The Parts Alliance to save 33 branches and around 350 related jobs from the former group.

We’ll bring you more news as it breaks.

Posted in Factor & Supplier News, Garage News, NewsComments (7)

Advertisement
  • New MOT rules and the implications for testers
  • Aftermarket Lives: A regional battery distributor and the Ecco group.
  • EC proposes compulsory ADAS

more info

    • Should hand car washes face further regulation?

      View Results

      Loading ... Loading ...
    • Popular
    • Latest
    • Comments
    • Tags
    • Subscribe