11:51 am, July 22, 2019
TROUBLED dealership group Pendragon has sold its Swansea-based Stratstone Jaguar and Land Rover outfits to the Sinclair Group.
The acquisition – for an undisclosed sum – follows Sinclair’s buying-out of Likes Land Rover in Hay-on-Wye last December. All 65 of the Stratstone staff are understood to have been retained.
In a statement, Sinclair Group managing director Andy Sinclair said: ‘The opportunity to acquire this business fitted perfectly with our ongoing expansion plan – adding the illustrious Jaguar brand to our portfolio and strengthening our association with Land Rover in the wake of our recent purchase of Likes from the Walters Group.
‘The Land Rover and Jaguar operations have been trading on Swansea Enterprise Park for 27 and 12 years respectively so both are extremely well established at this location and we’re extremely proud to welcome them into the group.
‘Since 1945, we have built our reputation on delivering the highest standards of personal service to Welsh motorists and we now look forward to extending that unrivalled retail experience to the customers of Sinclair Land Rover and Sinclair Jaguar in Swansea for many years to come.’
Pendragon is currently hunting for a new chief executive after Mark Herbert quit after just three months. It has also issued a profit warning following an expected massive loss for the first half of this year.
Pictured at top is the Stratstone Land Rover showroom in Swansea. Image: Google Street View
MORE: Pendragon sells California JLR dealership for £28.2m
MORE: Pendragon chief executive quits after less than three months in the job
MORE: Pendragon shares plunge after profit warning issued over hefty half-year loss
MORE: James Baggott – How do you solve a problem like Pendragon?
