The collapse of the dealership, owned by Leven Cars Group Limited, has put 139 jobs at risk.

However, at this stage, none of the company’s employees have been made redundant whilst the administrators assess the company’s financial position and explore the possibility of finding a buyer for all or parts of the business.

Stuart Robb and Michelle Elliot have been appointed as joint administrators.

The firm, which was incorporated in January 2014, has multiple car dealerships based in Edinburgh and Selkirk, including Rolls Royce, Aston Martin, Lotus, Kia, Suzuki, Mitsubishi and Caterham.

After reviewing the company’s options, following a difficult couple of years for the motor trade, the directors have taken the difficult decision to appoint administrators.

Leven Car Company has ceased trading with immediate effect but members of staff will continue to maintain a presence at the company’s dealerships for a short period of time to ensure that any customer queries can be addressed.

Stuart Robb said: “We are currently assessing the Company’s financial position with a view to seeking a buyer for all or parts of the business. This is a unique opportunity to acquire a business with a strong reputation, excellent customer base, and a highly knowledgeable and loyal workforce.”

Any interested parties are asked to contact James Dempster at levencarsgroup@leonardcurtis.co.uk.