BREAKING: News has been confirmed that Spartan Motor Factors has been sold by the administrators at Deloitte to MWR Sales Limited. The following statement has just been released by Deloitte:
Richard Hawes and Matt Cowlishaw were appointed as joint administrators to Spartan Motor Factors Limited (“the Company”) on 13 March 2020. Following the appointment, the business was successfully sold to MWR Sales Limited on 18 March 2020.
The Company is a motor parts business operating a central hub in Newport and ten other branches across South Wales and the South West serving over 1,400 customers. The Company employs 135 across its network.
MWR Sales Limited operates the motor factors and retail businesses of Motor World, Motormania and Sparesworld. The Company’s employees will transfer to the new owner.
Richard Hawes, joint administrator, said: “We’re extremely pleased we managed to find a new owner for the business through these particularly challenging times. We’d like to thank the employees for their support and wish the new owners every success in the future.”
We’ll bring you more information on this breaking story as we get it.