Another Impact On The Motorcycle Landscape
The company which runs the iconic Triumph and Plymouth Harley-Davidson showrooms in Plympton has also been forced to close three other venues.
Marsh Holdings Ltd, which ran the Yamaha dealership, and the Marsh Garages Used Car Centre in Exeter, the Triumph and Harley-Davison showrooms in Plymouth and a Harley-Davidson outlet in Southampton, has collapsed into administration.
All have now ceased trading with the company blaming a toxic cocktail of the flatlining economy, bad weather, oversupply of vehicles, and the recent Budget for leaving it in an “untenable position”.
All the group’s websites have been closed and statements have gone out on the internet and social media saying each showroom has ceased trading and thanking customers, “many of whom we consider friends”, for supporting the business during the past 22 years.
The full statement said: “Sadly, we are devastated to announce that we have had to cease trading with immediate effect. After a difficult period of uncertainty in the economy, continued poor weather, forced over supply and stocking from our manufacturer partners and finally the devastating impact to businesses of the recent Budget announcements, have left us, like so many others, in an untenable position.
“We want to assure you that every possible effort was made to try and avoid this decision, but making it now is the only way we can minimise the impact on all those affected. We recognise there will be those of you that have concerns and matters outstanding and we want to assure you we are doing everything we possibly can to resolve these. We kindly ask that you are patient whilst we work to ensure these are dealt with quickly.”