James Haugh (Castle Douglas) Ltd,one of Scotland’s oldest car dealerships, has gone into liquidation and is seeking a buyer. Campbell Dallas Restructuring Partner, Blair Milne, is looking to sell the business and assets.
James Haugh (Castle Douglas) Ltd is a prominent and much-valued car dealership and service centre that has served the South of Scotland for well over a century. Unfortunately, in recent years the rise of internet sales has seriously affected trade and margins, and the business was not sustainable.
The dealership was founded in 1890 hiring out horse-drawn carriages and was one of the first to offer a petrol driven car for public hire in 1909. The main business was in both new and used Vauxhalls, but also in selling a wide range of other used vehicles. Servicing, fleet contract work, mobility servicing, repairs and MOTs were offered too.
It was run by six generations of the family, was an approved Vauxhall Service Centre since 1962 and had a turnover of £1million.
Blair Milne adds, ‘We are marketing the business and extensive assets for sale with immediate effect, with the hope that if a deal can be secured swiftly, a buyer has the opportunity to start trading again. The business had a very wide and loyal customer base, so the liquidation offers a good opportunity for a motor trade business or entrepreneur wanting to enter this market.’
‘We are compiling the list of assets, which includes the garage on King Street, offices, a large yard and moveable assets including motor vehicles, ramps, diagnostic equipment and tooling.
Alternatively, the site could also offer considerable potential for property development, possibly residential.’
Contact from those in the motoring trade, entrepreneurs or property developers should be made as soon as possible by contacting Blair Milne on 0141 886 6644.