# Belmont Garage Ltd. (00238426)

> Why UK company 00238426 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/00238426

- **Status:** Administration ended
- **Administration began:** 2019-11-05
- **Administrators:** Francis F A Wessely, Christopher Newell
- **Administrators' firm:** Quantuma
- **Formerly:** Belmont Garage (The) Limited
- **Incorporated:** 1929-04-05
- **Location:** Maidenhead
- **Industry:** 45112 Sale of used cars and light motor vehicles

## Why it went into administration

- Sustained trading losses

## From the administrators' statement

As stated above the Company had been under financial pressure for a number of months prior to it ceasing to trade.

The costs associated with the business were increasing at the same time that the turnover was decreasing. This rapidly affected the profits of the Company and it began making trading losses.

The financial losses led to the directors injecting a large amount of funds, by taking loans which they have personally guaranteed, in an attempt to keep the Company trading.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/00238426/filing-history/MzI1NDE4OTkxNGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/00238426

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.