The failure of the Marsh Holdings Triumph, Yamaha and Harley-Davidson dealerships in the South West last year is leaving creditors more than £2m out of pocket. According to the Devon Live news website, administrators Westcotts Business Recovery have said that unsecured creditors to Marsh and its three subsidiary companies will receive nothing once the assets have been liquidated.
Devon Live reports that South West Motorcycles Ltd has unsecured claims estimated at £347,818, Marsh Garages Ltd has a deficit of £613,800, and Marsh Motorcycles Ltd has a claim of £1.323m. In all three cases, the administrators have stated: “It is not anticipated that a dividend will be paid to unsecured creditors.”