A two site Ford dealership with turnover of circa £4.5m which has been restructured to consolidate all operations into one site following the expiration and non-renewal of the lease on the other. As part of this restructuring the need arose for the production of a detailed forecast pack to give funders comfort in respect of the restructured business. During the course of this work it became apparent that the management information being produced in house was not adequate for the needs of stakeholders.
The business continued to need ongoing close financial control and management as the decline in the motor retail market and the uncertainties caused by Brexit impacted new and used car sales.
Unfortunately, the stress of running the business became too much for the director in the summer of 2019 and he voluntarily liquidated the business.