Corporate recovery experts from Begbies Traynor are working with Peugeot franchisee Southgate Group to create a rescue plan for the business.
The south coast group is not in administration, however it closed two Mitsubishi dealerships and a joint Subaru and Peugeot site last week, leaving it with Peugeot sites in Southampton, Winchester and Andover which continue to trade.
Industry speculation is that the business is being prepared for a pre-pack administration sale, reports the Andover Advertiser local newspaper.
An award-winning journalist and editor, with two decades of experience covering the motor retail industry, and accredited by the Institute of Leadership and Management (ILM) plus the National Council for the Training of Journalist (NCTJ)
As editor of AM since 2016, Tim is responsible for its media content, planning and production across AM's multiple channels, including the website, digital reports, webinars, social media and the editorial content of AM's events, Automotive Management Live and the AM Awards. His focus is on interviewing senior leaders of franchised dealer groups and motor manufacturer national sales companies to examine latest developments in UK motor retail.
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