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Dealers back in business

10th May 2001, Page 27
10th May 2001
Page 27
Page 27, 10th May 2001 — Dealers back in business
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Which of the following most accurately describes the problem?

• After two months in receivership, HMG Holdings, owners of the Stormont and Hancock Southern dealer networks, has been broken up with most of its functions intact. A management team led by current MD Bill Sangster has bought Stormont Trucks, with lveco Ford franchises at Hildenborough, Crayford, Brighton, North ampton and Kettering. • The receivers, from Grant Thornton and KPMG, managed to sell 2,000 cars and 50 trucks during their two months in charge.