Kinglong Europe UK in administration
UK dealer for the Chinese King Long coach and bus manufacturer, Kinglong Europe UK, is in administration.
Administrators were appointed on 31 December 2019.
The development follows the cessation of Christopher Cassar as a person of significant control over the company on 14 August 2019. On the same date, Mark John Walsh was appointed as a director.
The business is currently up for sale at John Pye Auctions: https://bit.ly/36gjB5T
Assets available include plant and machinery, two King Long coaches, other motor vehicles and around £140,000 of stock.
Turnover per unaudited accounts for the year ended 31 December 2018 for Kinglong Europe UK was around £1.3m (2017 c.1.7m), according to the auctioneers.