The Merlo and New Holland dealership is being offered for sale as a going concern.
P Casey (Plant Sales) Ltd ceased trading on 30 November 2011. Sarah Bell & Philip Duffy, partners at MCR, were appointed joint administrators on 14 December. The appointment was part of a restructuring within the P&C Casey group.
All other parts of the company, including P Casey (Plant Hire) Ltd, are unaffected and remain profitable, the company said.
P&C Casey managing director Chris Casey 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, P&C Casey Limited could no longer continue to support this part of the business.”
MCR partner Sarah Bell said: “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 few trade creditors. Other group companies are in a position to fulfil clients’ service needs. The administrators will be marketing the business and assets for sale.”
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