Thunder Road Motorcycles Ltd (00535530): administration
- Status
- In administration
- Administration began
- 2024-10-10
- Administrators
- Jonathan Amor, Matthew Richards, Alessandro Sidoli
- Administrators' firm
- Azets
- Formerly
- Waterton Cross Motors (Bridgend) Limited
- Incorporated
- 1954-07-08
- Location
- Manchester
- Industry
- 45400 Sale, maintenance and repair of motorcycles and related parts and accessories
Why it went into administration
- Weak consumer demand
- COVID-19
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Creditor pressure / legal action
- Property / lease costs
- Rising interest rates
- Competition / price pressure
From the administrators' statement
CML was incorporated on 4 March 2010 with Robert Gordon Ayland and Steven Michael Burden appointed as directors, each owning 50% of the issued share capital. Its principal business activity was the sale and repair of used motor vehicles from leasehold premises in Staverton, Gloucestershire, initially trading as Completely Motoring.
On 13 June 2016 Steven Michael Burden was replaced as a director and sold his shareholding to David James Sear-Mayes. Growth from this point was largely funded by personal monies from David James Sear-Mayes and an overdraft facility with Virgin Money UK (formerly Clydesdale Bank Plc).
On 4 November 2019, James Ayland and George Ayland were appointed as directors of CML.
Administrators' statement of proposals (2024-11-22) · Companies House register