Ecosse Motorcycles Ltd (SC279021): administration
- Status
- Administration ended
- Administration began
- 2023-09-05
- Administrators
- Joseph Walter Colley, Daniel Allen
- Administrators' firm
- CBW Recovery
- Incorporated
- 2005-01-28
- Location
- Kilmacolm
- Industry
- 45400 Sale, maintenance and repair of motorcycles and related parts and accessories
Why it went into administration
- COVID-19
- Weak consumer demand
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Creditor pressure / legal action
- Property / lease costs
- Parent or group failure
From the administrators' statement
The Company was a retail motorcycle business located in two Scottish cities Dundee and Aberdeen, holding franchises for Honda, Yamaha, Royal Enfield and a small number of lesser brands — Super Soco, Artisan, and Horwin at various points throughout its trading history. The Company no longer held their Yamaha franchise at the date of Administration. Honda was the primary business partner, accounting for approximately 50% of turnover via vehicles, parts, accessories and workshop time. The Company’s customers were predominately based in the North East of Scotland, however, via on-line presence the Company had a nationwide customer base for the sale of used motorcycles.
The motorcycle business is a seasonal, leisure based industry, and as such is sensitive to changes in consumer spending. Trade typically reduces drastically in the period from September through to February.
The Company was incorporated in January 2005, having purchased a small existing Yamaha retail business in Aberdeen.
Administrators' statement of proposals (2023-11-01) · Companies House register