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Posted

Just found this out, might be useful in a number of ways to those thinking of buying, or who have bought.

Just google "Brownhills administration", quite a bit of stuff out there.

Sorry if this has already been posted.

JT

Posted

It is already back up after a £43m Management buyout. There should be deals to be had if you want one as they will need to release some equity as soon as they can.

It is a sign of the times I am afraid, one of the trade press I get was suggesting that used cars will loose millions of their value as people put off changing cars. The parent company I work for has seen its share value go from almost £2.00 to 80p in a short space of time and yet we are very profitable and cash rich.

I would be very wary now of dropping big deposits with anyone on anything unless I used credit cards which gives a bit of protection.

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