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GreenWay - Colway Tyres Gone Out of Business

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Saffy:
Old news now but I don't think it been mentioned here before, and I only found out yesterday :shock:

Heard a rumor and had it confirmed by Mark at Sowden tyres that Colway / Greenway tyres have gone belly up (about 6 weeks ago!). They still haven't dropped their website, but my experience is that belly up companies live the webby going till end of contract.

That means no more good budget tyres such as Greenway Anaconda's or Colway Mt's :(  long live Insa Turbo special track.

Found a news article:



--- Quote ---UK retread firm in administration     13/11/2007
By Katie Coyne
 
C-tyres locked out of factory after failing to pay rent.
 

13 November 2007 – Retread manufacturer C-Tyres in Langley Moor, Durham, has made its 100 staff redundant and brought in administrators after it was locked out of its factory.

C-Tyres failed to pay its rent and was served a forfeiture notice by the landlord last month, which blocked access to the factory and stock inside.

C-Tyres are the sole manufacturer of Colway and Greenway retread tyres and boasted being able to produce tyres to fit almost any major car, van, 4x4, and light or heavy truck.

All cars in the UK’s Lombard Rally, which was held at the beginning of this month, are required to run on Colway tyres.

Director of recovery at debt recovery specialists Tenon, in Sunderland, Steven Ross, said: “The company clearly had financial difficulties otherwise it would have been able to keep up-to-date with rent and prevent the landlord taking the action. The landlord was owed considerable rent arrears.”

He added: “I am talking to the landlord at the moment in order to simply gain access to the property.

“The workforce have received forms which will enable them to submit claims. They will receive payment from the DTI via the redundancy fund. There is also a union which should assist.”

A buyer is still being sought and Tenon Sunderland can be reached on: 0191 511 5000.
--- End quote ---

v8rangie:
how about we all chip in a few quid and im sure we could come up with enough to buy the company :)

muddymesser:
you mean have official mud-club tyers

Range Rover Blues:
Sounds like the landlord locking them out was the final straw, not a decision they took lightly I hope.

fudge:
Thats me screwed on many levels if I get a ripped tyre or two.... the Zuke runs C-Trax and the Fourtrak Macho's.... :cry:

I wonder what the debts are?

Could be bought for a quid..... with the debts.....

Anyone got 10p?

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