It’s more than 18 months since Marsh Holdings, the company behind Triumph, Yamaha, and Harley-Davidson dealerships in Exeter and Plymouth, went into administration in December 2024. However, the latest report from the administrators, Westcott’s Business Recovery, reveals that a substantial £2m debt will remain unpaid when the business is finally liquidated at the end of this year.
The sale of the firm’s premises raised more than £1.5m, which was used to pay secured creditors, including HMRC, NatWest Bank, and former staff members. Unsecured creditors will be left largely out of pocket. While there may be some minimal payments, the majority of funds owed by Marsh Holdings’ subsidiary firms: Marsh Garages, Marsh Motorcycles, and South West Motorcycles, will be lost. In total, nearly £2m is expected to remain unpaid.
There is some good news for local bikers, though: Macpherson Motorcycles has taken over Marsh’s Plymouth showroom and is now selling Royal Enfield, MV Agusta, CFMoto, Aprilia, Moto Guzzi, and Norton motorcycles from the revamped premises, now complete with a new café.