UK construction equipment distributor Molson Equipment Services has appointed administrators to sell or wind up the business.
Bristol based Moslon was founded in 2007 by chief executive Robin Powell who informed its 300 or so employees of the situation on Friday, via a Teams meeting. We understand it had still been operating from 16 locations in the UK.
The company was a major Kobelco excavator distributor, but in the sector that we cover its products include Sennebogen telehandlers and port cranes, last September Molson Scotland was appointed as a Merlo dealer. IN the past the company has also handled JLG and Dieci telehandlers.
If you visit the group’s website today, the only thing you can see, or access, is a statement that says: “Ross Connock, Tom Crookham and Vesela Romagnoli (of Pwc)have been appointed as Joint administrators of Molson Equipment Services Ltd, Capital Equipment Finance Ltd, Aggregate Processing Solutions Ltd and Molson Scotland.” PwC is also handling the administration of the Molson group, with Tom Crookham, Mark Banfield and Ross Connock as joint administrators.
The only thing accessible on the Molson websites today
The administrators have now taken control of all five companies and are reported to be selling off remaining machinery and parts inventories and collecting outstanding debts in order to pay back the preferred creditors in an orderly winding up.
The Equipment business has been struggling financially since 2024, as has the group, Molson Equipment Services latest accounts are dated September 2024, and show revenues of £186.2 million, with a pre-tax loss of 2,872, following steep declines since 2022. Molson Group revenues were £332 million with a pre-tax loss of £10.2 million.
The group also owned an operation in the USA that distributes Powerscreen from six locations - Dixon, Napa, Taft and Romoland in California, Dayton in Nevada and Phoenix, Arizona, also covering parts of Texas and Washington state. But we understand that it has already been sold off.
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