Vehicle repairs and servicing business sold out of Administration

Manufacturing | Mergers & Acquisitions | Midlands | Transport & Distribution

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

A full-service motor vehicle garage, Elite Auto Centres offers a wide 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 four members of staff, have been acquired by Elite MOT Station Limited, a Company directed by Mathew Lowe.

In light of the deal, Mathew commented: “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.”

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