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Centre Ford dealership at Newcastle Street. Photo: Attila Csaszar

Centre Ford in voluntary liquidation

Northbridge dealership Centre Ford has gone into voluntary liquidation after the business, which operated for more than 30 years, was unable to find a buyer.

Centre Ford director and dealer principal Steve Katopodis appointed Crowe Horwath principal Mervyn Kitay last Friday.

Mr Kitay said Centre Ford owed about $1 million to suppliers and between $300,000 and 400,000 to its employees.

“I’m aware that the director had tried for some time to sell the dealership as a going concern, but this endeavour failed. This led directly to the closure of the business and my appointment as liquidator," he said.

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Comments

Perth
It's a real shame to see this family business end up this way. I have bought 3-4 cars from Steve as he is one of the most honest upfront and credible dealers I know of. To see this happen to such a great family is nothing short of frustrating. I think there might be more to this story than meets the eye. Questions have to be asked, where was the manufacturer's support? Why was another ford dealer given the go ahead to shift into Centre Fords PMA border? What could have been done to save the business from going this way?

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