DEALER group Nidd Vale have spoken of the difficult situation that they’ve been placed in by their financiers.
A release by the firm spoke of their ‘serious disappointment’ after months of hard work to develop a new site in Knaresborough, North Yorkshire were suddenly halted.
The firm points the finger at Santander Consumer Finance for ‘pulling the rug’ from under Nidd Vale, suddenly appointing Leonard Curtis as administrators without notice.
A release by the firm talks of how furious Nidd Vale’s directors are at the move, but confirmed that they will do ‘everything in their power’ to ensure the 90-year-old business is saved – and as many jobs as possible can be preserved.
Santander reportedly placed Nidd Vale into administration on Thursday – with Leonard Curtis confirming their appointment to the role. They declined to reveal their next steps in administering for the company.
Nidd Vale its self, established in 1920, has operated from a number of different sites over its 90-year history – starting life in Knaresborough, North Yorkshire.
From there, the group took on a number of different franchises – Opel in 1979, and Vauxhall in 1989. Seat and Mazda franchises came later – in 2005 and 2003 respectively – while a Mitsubishi deal was signed in 2008
The group also operates a Peugeot dealer in Ilkley, North Yorkshire – previously operated under the name of Glovers Garages.