H & L Garages Limited (00874223): administration
- Status
- Administration ended
- Administration began
- 2011-12-02
- Administrators' firm
- BDO
- Formerly
- Killingholme Vehicle Services Limited
- Incorporated
- 1966-03-17
- Location
- Water Lane
- Industry
- 5010
Why it went into administration
- Sustained trading losses
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
21 The Company, incorporated on 17 March 1966, operated a Mercedez Benz (“MB”) commercial vehicle franchise. The Company is a subsidiary of Dusted Powder Limited (“Dusted”) (company number 05878315) and parent of H & L (Scunthorpe)({“HLS”) Limited (company number 02495096)
2.2 Dusted was incorporated in 2006 as the acquisition velncle to purchase the shares of the Company, sts only balance sheet asset being the investment in the Company. HLS isa non-trading subsidiary.
2.3 At the date of Administration the Company operated as a MB commercial vehicle dealership, selling new and used vehicles and offering after sales service for repatrs and maintenance
Administrators' statement of proposals (2012-02-01) · Companies House register