Some 101 jobs in Scotland have been saved as a buyer has been found for the remaining parts of the Leven Car Company (LCC) dealer group, which entered administration earlier this month.
Glasgow-based administrators Leonard Curtis Business and Recovery has announced that dealer group Grange Motors has acquired the Rolls-Royce and Aston Martin dealerships in Edinburgh, while Vertu Motors takes on LCC’s remaining Kia, Suzuki and Mitsubishi dealerships as part of the expansion of the Macklin Motors brand in Scotland.
The successful sale of the remaining LCC franchises follows the closure last week of the firm’s Kia and Suzuki dealerships in Selkirk, which left 23 workers redundant.
Joint Administrator, Stuart Robb, said: “We are pleased to confirm the sale of the remaining parts of Leven Cars Group. Being able to secure a sale and save so many jobs in such a short timescale is testament to everyone involved, in particular the employees who have been extremely patient and understanding throughout the sale process.
“We would like to thank them for their support over the past two weeks and wish them every success in their new roles.”
Robert Forrester, Chief Executive of Vertu Motors, expressed a desire to restart operations at the rescued dealerships as soon as possible.
In a tweet posted on Monday 20 January, he said: “We have completed the deal to buy Edinburgh Kia, Suzuki and Mitsubishi from the administrators of Leven Motor Co. This expands Macklin Motors and adds three new franchises! Will take us a few days to get the business back up and running but high hopes!”
Forrester later told the Edinburgh News that Vertu Motors plans to build a new facility in Newbridge, a village bordering Edinburgh, on land it acquired three years ago.