BREAKING: SPARTAN ACQUIRED BY MOTORMANIA PARENT

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.

READ: MotorMania chain bought by Tetrosyl

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.

READ: SPARTAN LEAVES PARTS DISTRIBUTION PARTNERSHIP FOR IFA

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.

COTSWOLD MOTAQUIP ACQUIRED BY AAG

Single-branch motor factor was an existing UAN member

Read More

SYNETIQ SOLD FOR £225m

US-based Insurance Automotive Auctions expands UK presence with auctioneer and dismantler

Read More

ECP TO DISH OUT £400 BATTERY TESTERS

Garages will need to hit battery sales targets if they want to keep the devices

Read More

FAI AUTOMOTIVE ACQUIRED FOR £27M

South Africa-based Motus Aftermarket Parts adds to its portfolio, Jonathan Alexander to remain CEO

Read More

NI BIENNIAL MOT OPPOSED

NFDA on NI MOT frequency change: “Not the correct solution to the issues currently facing the NI Testing Scheme”

Read More

Join the debate

2 Comments

Your email address will not be published. Required fields are marked *