# Slaters of Abergele Limited (00488334)

> Why UK company 00488334 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/00488334

- **Status:** Administration ended
- **Administration began:** 2018-03-15
- **Administrators:** David John Standish, Richard John Harrison
- **Administrators' firm:** KPMG
- **Incorporated:** 1950-11-15
- **Location:** Manchester
- **Industry:** 45111 Sale of new cars and light motor vehicles

## Why it went into administration

- Cash flow / liquidity pressure
- Sustained trading losses

## From the administrators' statement

The Company was incorporated on 15 November 1950 and operated as a family run car dealership from two sites, Abergele and Mochdre. The Abergele site was used mainly as a car dealership and vehicle repair garage and the Mochdre site was used for servicing and repairs. The Company had 74 employees across both sites.

Due to the lack of funding available, and lack of support from the vehicle manufacturers, the Company ceased trading on the appointment of the Joint Administrators.

3.2. Funding and financial position of the Company The Company was funded via an overdraft facility provided by Barclays. This was fully

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/00488334/filing-history/MzIwNTc2NDc1MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/00488334

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