Newgate Motors, one of the largest car dealerships in Leinster, has ceased trading amid falling new car sales in Ireland.
The last available accounts filed for the Navan-based company, for the year ended December 31, 2010, show that the firm had total bank debts of more than €10 million to the former Anglo Irish Bank, Bank of Scotland Ireland and Lombard & Ulster Banking.
A recorded message on the company's phone line stated that the company has...
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