Constellation Automotive Group — which owns BCA, WeBuyAnyCar, Marshall and online auto marketplace Cinch — has shut down its car subscription service Elmo Drive, according to its website.

The site now just has a message for visitors that says: “Elmo Drive Ltd has now been wound down as a business,” with customers requested to email for more details.

No reason has been given for the closure. AIM Group has contacted Constellation Automotive Group and Elmo Drive for more details and will update this article if a response is received.

According to its latest filings with Companies House, Elmo Drive, which shares the same registered office as both Constellation Automotive Group and Cinch, made a loss of £16.5 million ($20.6 million U.S.) in the 12 months to April 2, 2023, up from a loss of £1.0 million in its prior financial year.

Companies House filings also reveal that director Gregory Taylor resigned on March 27 this year.

In November last year, Elmo Drive head of operations Billy Haslam told Car-subscriptions.co.uk that it had no cars available for customers: ‘We currently are undergoing a de-fleeting exercise in order to raise cash, so we’re having to recall vehicles from customers to then de-fleet.”

“We don’t have any replacement vehicles and there are no plans to get any more in the next two quarters.”

The winding down of Elmo Drive follows the shuttering of Onto and car subscription service Drover. The latter was acquired by Cazoo in December 2020 but subsequently closed down as part of Cazoo’s realignment plan.

 

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