Slaters North Wales Car Centre Limited (00774805): administration
- Status
- Administration ended
- Administration began
- 2018-03-15
- Administrators
- Paul Nicholas Dumbell, David John Standish
- Administrators' firm
- KPMG
- Formerly
- North Wales Car Centre Limited
- Incorporated
- 1963-09-23
- 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
The Company was incorporated on 23 September 1963 and operated as a family run car dealership selling Nissan 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 position of SOAL, the intercompany balance due to SOAL and the Company’s dependency on the parent company to operate, as weil as a lack of support from the vehicle manufacturer, the Company ceased trading on the appointment of the Joint Administrators.
3.2. Funding and financial position of the Company
Administrators' statement of proposals (2018-05-24) · Companies House register