# A. C. Williams Limited (00878225)

> Why UK company 00878225 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/00878225

- **Status:** Administration ended
- **Administration began:** 2011-12-14
- **Administrators' firm:** Begbies Traynor
- **Formerly:** A.C. Williams Garages (Ancaster) Limited
- **Incorporated:** 1966-04-29
- **Location:** Manchester
- **Industry:** 5010

## Why it went into administration

- Cash flow / liquidity pressure

## From the administrators' statement

The company had been trading for over 50 years and was generating a tumover of approximately £11 millon per annum

lis trade was made up of two distinct divisions The first division involved two Renault franchises, based at Ancaster and Grantham, both in Lincolnshire, which provided new and used vehicle sales, a parts distribution centre system for Renault and car servicing and repairs facilities The second division provided coach hire, either for holidays, one-off tnps or local authonty school runs The coach side had obligations to customers in respect of deposits taken in preparation for tnps planned for December and into 2012

The directors contacted their accountants to discuss a potential cash flow problem created by the required monthly payment to Renauit forecast to cause a breach in the Company's overdraft facihty of £600,000 No ways of averting this problem could be identified and forecasts, prepared by the Company's accountant, appeared to indicate that losses were likely to be made for the rest of the financral year to the end of Apni 2012, with corresponding increasing requirements for cash The directors, recognising that they were likely to be faced with senous financial issues if they continued to trade in the same manner, took professional advice from Begbies Traynor

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/00878225/filing-history/MzA1MjQ1MzQ0NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/00878225

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.