20 jobs lost as motoring firm quits Weston

The firm ceased trading today.

The firm ceased trading today. - Credit: Getty Images/iStockphoto

Twenty jobs have been lost after a Weston-super-Mare motor parts firm went into administration today (Tuesday).

Motor Supplies (Weston) Limited traded from Winterstoke Road and specialised in the supply of parts to both trade and public buyers.

However, the firm ceased trading earlier today, when administrators were called in and all staff were informed their positions were redundant.

The firm began trading in 1982, and had an annual turnover of £1.2million, according to its most recent published accounts.

Bosses say the closure is a result of increased competition caused by national chains moving into the area.

You may also want to watch:

Tim Ball, a Bristol-based partner at accountants and business advisors Mazars, has been appointed joint administrator.

He said: “It is sad to see a local independent business, which has been operating for nearly 35 years, struggling to compete in a highly-competitive and price-sensitive market.

Most Read

“The business has ceased trading. Despite this, the administrators are seeking a buyer for the business and assets.”

Become a Supporter

This newspaper has been a central part of community life for many years. Our industry faces testing times, which is why we're asking for your support. Every contribution will help us continue to produce local journalism that makes a measurable difference to our community.

Become a Supporter
Comments powered by Disqus