Administrators Grant Thornton said the group had suffered from "poor market reputation, lack of investment, a high cost base, expensive loan note financing and an insolvent balance sheet".

From the BBC report.

about right.

Can't say I'm particularly sorry. I am sorry that people are going to be losing their jobs, but that's all.

I went there once and, to be honest, I couldn't get out of there quick enough. I only went there to have a look round but all they wanted to do was sell me finance! When I explained that I never have and never will borrow money to buy cars they weren't the least bit interested in me.

I did, eventually, get to look at their cars. Very poorly prepared, high mileages and high prices; all things you don't want when buying a car. I wished I hadn't bothered going there.

I seem to remember they used to be called something else.

<< I wouldn't be surprised if it's a pre-pack administration job to wash away the debt and start again under a new company banner. >>

I have no personal experience of this outfit, though I have bought a couple of cars in Rochdale over the years. I think this is a very likely scenario from Craig, judging from the 'poor market reputation', which has to be earned of course.