CMS (Kidderminster) Limited - Administration

CMS (Kidderminster) Limited, a Worcestershire franchised car dealer, entered administration on 16 August 2023, after the company’s directors discovered an unexplained £3.7m stock discrepancy relating to a stock contra account. Tony Wright and Rajnesh Mittal of FRP Advisory were appointed Joint Administrators. All 46 staff currently remain employed while the Joint Administrators consider their options, including the prospect of a sale process. They are encouraging any interested parties to come forward. Lloyds Bank PLC has a registered charge against the company.