Forecourt operator Dolphin Retail has gone into liquidation. The company which had 22 sites in the UK, including petrol stations in Scotland and Yorkshire, blamed the move on the credit crunch.
A spokesman for Dolphin Retail told Scotland’s Peebleshire News: “The business is quite a profitable one but has become another victim of this banking crisis. Lloyds TSB agreed to a loan which they then pulled out of and now the company is in a position where we cannot carry on trading at this time.
“This has all happened very quickly as we only renegotiated our finance with Lloyds TSB at the start of March, two weeks later they reneged on this agreement. As I said the business is profitable so the chances of it being sold and then re-opening are quite high.”
“The fact they are profitable is testament to the staff and once they are up and running again I hope these workers can return.”
According to the newspaper, the collapse of Dolphin Retail means Peebles has lost one of its two petrol stations – the Innerleithen Road garage – with the loss of eight jobs.
No one was available for comment at Dolphin Retail when the company was contacted by Forecourt Trader.