Telehandler dealer closes
UK based P. Casey has withdrawn from the equipment sales market and put its distribution business into administration as part of a restructuring within the group.
The Rochdale headquartered company – P Casey (Plant Sales) Ltd was a Merlo telehandler and New Holland dealer and one of five companies within the group which includes construction, environmental and rental businesses.
The plant sales company apparently ceased trading on 30th November, Sarah Bell and Philip Duffy of MCR, were appointed as joint administrators on 14th December with a brief to sell it is a going concern. All other parts of the company, including P Casey (Plant Hire) Ltd, are unaffected and remain profitable, according to the company.
Chris Casey, managing director of the P&C Casey group said: “Plant Sales has been loss making over a number of years and the group has funded these losses whilst endeavouring to turn the business around. Due to the much publicised downturn in the economy, we could no longer continue to support this part of the business.”
Bell added: “Plant Sales had a number of loss making contracts that the group were no longer prepared to fund. It is our understanding that the company has no trade creditors as P&C Casey Ltd undertook to pay all creditors once the decision was made to cease trading and other group companies were prepared to service client needs. The administrators will be marketing the business and assets for sale”