The Leven Car Group, which has a base in Selkirk, has gone into administration, with 24 local jobs at risk.
Leonard Curtis Business Rescue & Recovery was appointed the administrator of of the group yesterday. They issued a statement saying, "After reviewing the company’s options, following a difficult couple of years for the motor trade, the directors have taken the difficult decision to appoint administrators.
"The company, which employs 139 staff across its four dealerships, has ceased trading. At this stage, none of the company’s employees have been made redundant whilst the administrators assess the company’s financial position and explore the possibility of finding a buyer for all or parts of the business"
Leven Car Company, which has four showrooms in Selkirk and Edinburgh, is a franchisee for Kia, Mitsubishi, Suzuki, Aston Martin, Lotus, Rolls-Royce and Caterham.
The dealership group was established in 2014.
Rachael Hamilton MSP for Ettrick, Roxburgh and Berwickshire said, “This is worrying news from Leven Car Company, which impacts the Suzuki dealership in Selkirk. The potential loss of 24 jobs in the town is very concerning and I will be contacting Leven Car Company in the coming days to discuss what can be done to ensure that job losses are kept to a minimum.
"With the news coming so soon after Christmas, this is another huge blow to Selkirk and I hope that the business can be saved.”