Kings Road Tyres and Repairs Limited (00627338): administration
- Status
- Administration ended
- Administration began
- 2019-06-28
- Administrators' firm
- KPMG
- Formerly
- King's Road Tyres and Repairs Limited
- Incorporated
- 1959-05-04
- Location
- Birmingham
- Industry
- 45310 Wholesale trade of motor vehicle parts and accessories
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
The Company was incorporated in 1959 and the business was split into three separate divisions. These included the wholesale trade of commercial van and truck tyres (KRT), a tyre repair services management division (TBS) and a mobile tyre service provider (Kingsbury).
The Company’s head office and main warehouse facility was based in Burton-upon-Trent. KRT also operated three smaller warehouses in Stockton, Taunton and Hayes. The TBS and Kingsbury divisions were both based in Southampton in separate premises.
2.2 Funding and financial position of the Company
Administrators' statement of proposals (2019-08-09) · Companies House register