Financial Mismanagement Hits Another Dealership

CMS Kidderminster, a cherished car dealership, is facing administration due to a £3.7 million stock discrepancy. This discovery has sent shockwaves through the automotive industry, leaving its dedicated staff and loyal customers reeling.

💼 The administration of CMS Kidderminster has led to the cessation of sales and fleet operations, affecting the livelihoods of its employees.

As an automotive consultant with over 25 years of experience, I implore dealerships worldwide to take this as a poignant reminder of the need for stringent inventory control procedures, regular audits, and unwavering transparency in financial reporting.

Let's ensure that the legacy of CMS Kidderminster serves as a catalyst for positive change within the automotive industry. Upholding best practices will safeguard the well-being of employees

Links to the featured article:
https://cardealermagazine.co.uk/publish/franchised-car-dealer-begins-making-staff-redundant-after-uncovering-3-7m-stock-discrepancy-in-annual-accounts/290528

https://www.tiktok.com/@allovertheplace100/video/7258432357013769515?is_from_webapp=1&sender_device=pc&web_id=7210952431973811717

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