Bristol plant dealer Molson Group and four subsidiaries enter administration
Bristol-based plant dealer Molson Group and four related UK companies have entered administration, with PwC appointed. Administrators are selling remaining machinery and parts stock and pursuing outstanding debts.
PwC blamed weakened UK demand and uncertain trading conditions. Molson's US businesses were sold to a newly incorporated company and continue trading. Latest accounts showed a £10.3m pre-tax loss on turnover of £333m.
Joint administrators are Tom Crookham, Mark (Toby) Banfield and Ross Connock, with Vesela Romagnoli on four subsidiaries.
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