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UK

22/01/2021

Multi-franchise dealership Avon Motorcycles of Brislington in Bristol was obliged to cease trading in early December last year. The business represented a host of brands — Brixton, FB Mondial, Herald, Keeway, Lexmoto, Lifan, Peugeot, Rieju, Super Soco, SYM and UM.

 

 

Avon Motorcycles proprietor Alan Skinner called in the insolvency practitioner Parnells and a voluntary winding-up decision was taken on 13 January. Lisa Alford and Chris Parkman from Parnells were appointed as joint liquidators on the same date, charged with consigning his operation to oblivion.

Documents since lodged with Companies House by the liquidators show an estimated realisation of assets available to creditors amounting to £62,499. Preferential creditors will account for £18,211 of that. An estimated surplus of £44,288 remains for unsecured creditors, who are owed £371,449. The shortfall in recoverable funds equates to £327,161.

Unsecured trade creditors include MotoGB, MotoMondo and Oxford Products. HSBC Bank will take the biggest haircut.