Receiver appointed to South Dublin Motors, 41 jobs lost
Receiver appointed to South Dublin Motors, 41 jobs lost
A receiver has been appointed to South Dublin Motors Ltd and the company has ceased trading, resulting in the loss of 41 jobs.
The company was one of the largest Ford dealerships in Ireland with showrooms in Tallaght and Rathfarnham.
Kieran Wallace of KPMG has been appointed as the receiver to company.
The firm’s rental division, which had 1,500 Ford vehicles, has also stopped operations.
Armada Fleet Services, a related company to South Dublin Motors, continues to trade as normal and will be unaffected by today’s announcement.
The most recent audited accounts to December 31, 2008 reported losses in excess of €1m for the year and no accounts have been filed since that date.
In recent months, the company has been subject to two separate petitions by the Revenue Commissioners with the most recent presented in March 2011.