Slaters of Ruthin Limited (00640681): administration
- Status
- Administration ended
- Administration began
- 2018-03-15
- Administrators
- Paul Nicholas Dumbell, David John Standish
- Administrators' firm
- KPMG
- Incorporated
- 1959-10-28
- Location
- Manchester
- Industry
- 45111 Sale of new cars and light motor vehicles
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
3.1 Background information The Company was incorporated on 28 October 1959 and operated as a family run car dealership selling Citroen vehicles from a site in Abergele.
The Company had no employees as any members of staff working at the Abergele site were employed by SOAL.
Due to the financial pasition of SOAL, and the intercompany balance due to SOAL and the Company's dependency on SOAL to operate by the Company, as well as a lack of support from the vehicle manufacturer, the Company ceased trading on the appointment of the Joint Administrators.
Administrators' statement of proposals (2018-05-24) · Companies House register