Tuesday, June 2, 2020

Derby vehicle repairs firm sold out of Administration

The future of Elite Auto Centres (Derby) Limited has been secured, having been sold in a pre-packaged deal after entering Administration, with the business and its assets being transferred.

A full-service motor vehicle garage, Elite Auto Centres offers a range of vehicle repairs and is a DVSA approved MOT test station with capacity to MOT cars, minibuses and vans. Despite substantial efforts from its owners, the business found itself operating in an unsustainable manner, opting to conduct an accelerated sales process to secure its future.

With the company still in Administration, the business and its assets, which includes 4 members of staff, have been acquired by Elite MOT Station Limited, a Company directed by Mathew Lowe.

Mathew said: “I am delighted to be completing the deal. The previous owners of Elite Auto Centres have established a reputable business that offers a one stop shop for repair and maintenance requirements in a prime location in Derby, and I am looking forward to enhancing our offering even further.”

Dean Nelson and Nick Lee from Smith Cooper were appointed Administrators on Tuesday 20th August 2019 to consolidate the sale, helping secure the best outcome possible.

Dean Nelson, Head of the Business Recovery and Insolvency division here at Smith Cooper said: “We’re delighted to have secured the successful sale, and I am optimistic about the future of Elite Auto Centres. I’m confident that Mathews extensive experience in the automotive sector will assure the businesses future going forward, and that customers will continue to receive reliable, quality services that they have become accustomed too, delivered with integrity and affordability.

“We wish Mathew and his team the best of luck.”

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