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Author Topic: Local Dealers  (Read 891 times)

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immx

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Local Dealers
« on: 22 February 2009, 13:56:17 »
I Just went onto my local VXL dealers website to see the opening hours and there was a simple web page there stating

"PNG (In Administrative Receivership)

Myles Halley and Mark Orton were appointed as Administrative Receivers on Friday 30 January 2009. PNG ceased trading on this date"

 Another one gone! :(
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Proz

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Re: Local Dealers
« Reply #1 on: 22 February 2009, 14:00:43 »
Does this mean Vauxhall has gone belly up  :-/
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philhoward

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Re: Local Dealers
« Reply #2 on: 22 February 2009, 14:08:00 »
Nope - just another dealer/group has.  Their problem has always been having several thousand quids worth of stock...which deperciates like a stone every day..

Probably been running on the credit knifedge for a while - now credit has dried up, so has the cashflow...
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Running an X30XE in a Reliant Scimitar GTE as I can't have an Omega as a company car...

albitz

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Re: Local Dealers
« Reply #3 on: 22 February 2009, 14:18:12 »
Which dealer was it ?
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immx

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Re: Local Dealers
« Reply #4 on: 22 February 2009, 14:40:24 »
PNG in Walthem Cross
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albitz

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Re: Local Dealers
« Reply #5 on: 22 February 2009, 14:42:51 »
 :y thanks,I wonder if Underwoods will buy them out,they have taken over most of the vx dealers near me in recent years. :-/
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