5:38 am, October 15, 2026
A family-run used car dealer has collapsed into administration after a decade in business, with all 26 employees losing their jobs.
Scottish car dealer Cars4You has ceased trading after running into financial difficulties, leaving its network of dealerships across central Scotland facing an uncertain future.
The Edinburgh-based business appointed administrators from BTG Begbies Traynor on October 2 following ongoing cash flow problems.
George Lafferty has been appointed to oversee the administration, with bosses confirming that the entire workforce has been made redundant.
Established in 2016, Cars4You operated several sites across Scotland, including dealerships in Edinburgh, Straiton, Dunfermline and Falkirk.
The business had previously advertised an inventory of up to 1,500 used cars and light commercial vehicles.
Thomas McKay, managing partner of BTG Begbies Traynor in Scotland and Northern Ireland, said: ‘At this point in the process we can confirm that, sadly, all 26 employees have been made redundant, and we have been working closely with those affected to help them access the support and financial entitlements available to them, including assistance from Partnership Action for Continuing Employment (PACE) and the Redundancy Payments Service.’
The collapse comes despite the company’s latest accounts showing an increase in net assets during its most recent financial year.
Documents filed with Companies House for the year to August 31, 2025, show that current assets rose from £5.7m to £6.4m.
However, the amount owed to creditors within one year also increased, climbing from £3.5m to £4m.
Net assets stood at approximately £1.6m, compared with £1.5m the previous year, while the business employed an average of 16 people during the accounting period.
Administrators have yet to establish the full circumstances behind the company’s failure.
McKay added: ‘The used car retailing sector is facing increasing pressure as consumer spending tightens, and this means that we are seeing some retailers struggle across the market as others can still thrive.
‘Having only recently been appointed we will be looking in detail and in due course we will be making a report to creditors about the reasons for, and circumstances of the failure in this particular case.’
He confirmed that the administrators’ immediate focus was supporting former staff and maximising returns from the sale of the company’s assets, including its remaining vehicle stock.
Cars4You’s administration was formally recorded at Companies House on October 5, with the appointment taking effect from October 2.