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Leven Car company goes into administration

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https://www.am-online.com/news/dealer-news/2020/01/08/leven-car-company-enters-administration

leven-car-company-notice_w555_h555.jpg

 

Quote

The Leven Car Company has entered administration, with dealership staff reportedly turned away from retail sites this morning.

Stuart Robb and Michelle Elliott, of Leonard Curtis Recovery Limited, were appointed as joint administrators for the Edinburgh-based retail group yesterday (7), according to notices applied to its dealerships.

The Scotsman, meanwhile, reported that staff arriving for work at its Kia and Suzuki franchises in Dunsdale Haugh, Selkirk, were turned away this morning (January 8).

Those sites employed around 27 staff and had been acquired from previous owner the Belmont Group in March 2018, it said.

Leven Cars Group Ltd, which represented Aston Martin, Caterham, Kia, Lotus, Mitsubishi, Rolls-Royce and Suzuki, as well as a specialist cars premium used car business, had been named ‘Number 1 Dealer in the World’ by Aston Martin two years ago.

In October 2016 it had announced its investment of £1.2 million to create what it claims will be “one of the largest Aston Martin showrooms in the world" at the same time as it opened a Rolls-Royce facility at One Costorphine Road in the city.

Leven's annual financial results for 2018 have yet to be published via Companies House, however.

The group’s most recent published results, for the period to December 31, 2017, show that it achieve a turnover of £45 million during the period – up 28.9% on 2016’s £34.9m – alongside a loss before tax down 252.6% at £323,541, following a profit of £212,001.  

AM has contacted Leonard Curtis Recovery Limited for a comment.

 


88 Esprit NA, 89 Esprit Turbo SE, Evora, Evora S, Evora IPS, Evora S IPS, Evora S IPS SR, Evora 400, Elise S1, Elise S1 111s, Evora GT410 Sport

Evora NA

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Heard this earlier. Not good 🙁

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Oh great. So my prepaid service plan is worthless. Bugger.

Sorry for the staff but what a fook up.

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Alcohol. Sex. Tobacco. Drugs. Chocolate.  Meh! NOTHING in this world is as addictive as an Evora +0. It's not for babies!        

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Shame for the staff. Hope a buyer can be found to salvage some of the dealerships and jobs. 

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Yes bad news for everyone concerned. I just bought my first Lotus from Leven in October and it was due its 1K soon. Feel sorry for the staff too. Fingers crossed a buyer is found.

I too paid for a service plan but by installments. 

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I just found this out late afternoon - what a shame - I hope a buyer comes in and gets things on track.

Laura was always very accommodating and was sourcing a black 410 for me at the beginning of this week.

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Terrible news. Feel really sorry for the staff. I had nothing but frost class experience with Leven - really god dealership.Fingers crossed they will find a buyer and salvage some of it.

I don't really fancy a 200+ round trip to Carlisle :( What is everyone doing about servicing and maintaining their cars? Are there any specialist garages in Scotland?

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Loads of people. Craig used to be the service manager at Murrays (the Lotus dealer Leven bought a year or so back) and his reputation is excellent, deservedly so from what I hear. 

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88 Esprit NA, 89 Esprit Turbo SE, Evora, Evora S, Evora IPS, Evora S IPS, Evora S IPS SR, Evora 400, Elise S1, Elise S1 111s, Evora GT410 Sport

Evora NA

For forum issues, please contact the Moderators. I will aim to respond to emails/PM's Mon-Fri 9-6 GMT. 

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10 hours ago, Smapmap said:

Anyone had any experience of these guys? Round the corner from Leven and a Lotus specialist according to the website?

https://www.craigmoncrieff.com/contact-us/

Been there. A great guy great outfit, loads of Lotus parked outside and inside the workshop even though only a stones throw over the tram line from Leven Lotus 🤔. Fitted my new stalks and mirrors from GFWilliams and Alias.  Craig was a great guy and I had already decided to use them for all my Lotus servicing and tinkering moving forward when I went 2 months ago, for reasons I’ll not go into here. They appear to have a superb and loyal Lotus following and certainly treated my car with upmost care which was excellent.

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That sounds really positive. An ex colleague uses him also. The issue I have is warranty and maintaining it. 

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37 minutes ago, Toeside said:

That sounds really positive. An ex colleague uses him also. The issue I have is warranty and maintaining it. 

Me too until April. Hope CMC gets accredited which would be amaze-balls. 

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Looks like there might some light at the end of the tunnel - lots of interest in the Edinburgh operation

Fingers crossed

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Feel free to DM me the details if you know anything. Cheers. Hope it progresses as quickly as Hethel office seemed to imply to me. 

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Hopefully those staff who want to work on will get the chance to maintain the dealership/franchise!

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Excellent news for the staff whose jobs have been saved. I wish them all the best for the future.

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Alcohol. Sex. Tobacco. Drugs. Chocolate.  Meh! NOTHING in this world is as addictive as an Evora +0. It's not for babies!        

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Brilliant. Excellent news for the staff! Worried that

Lotus is not mentioned though? Possible oversight...?

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I'm going for oversight, but if not wonder if the Bank will lend me the cash to open a Lotus Dealership....

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Alcohol. Sex. Tobacco. Drugs. Chocolate.  Meh! NOTHING in this world is as addictive as an Evora +0. It's not for babies!        

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Both of the groups that have snapped up Leven are largish groups, Grange nothing like as big as Vertu but neither have any Lotus connections. Can’t imagine Lotus being of any interest to Vertu whatsoever. Grange however could be a good thing.

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