We were appointed administrators of Roanza Limited and its subsidiary Premier Vehicle Rental Limited on 8 September, and successfully delivered a pre-pack sale following an accelerated disposal process.
The sale proceeded our undertaking short-term cash flow and options reviews and included five of Roanza’s eight dealership sites, saving over 340 jobs across Trafford Park, Liverpool, Warrington, Deeside and Stoke-on-Trent locations, with the secured lender being settled in full.
Our core team overcame significant challenges in balancing support for the management team and co-ordinating multiple stakeholders interests whilst working remotely during lockdown.
How we help our clients
Our team has worked on a number of engagements supporting management teams, lenders and other stakeholders in navigating through this difficult period with business reviews, refinancing projects and other advisory engagements. We have also been appointed on a range of insolvencies in the sector.
We're fortunate to be supported by the firm’s automotive advisory consulting team, comprising individuals who've worked within franchised dealers, used car supermarkets, parts manufacturers and distributors.