# P.N. Sharpe Limited (01132276)

> Why UK company 01132276 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01132276

- **Status:** Administration ended
- **Administration began:** 2024-03-28
- **Administrators:** Christopher Robert Pole, Ryan Kevin Grant
- **Administrators' firm:** Interpath Advisory
- **Incorporated:** 1973-09-03
- **Location:** Birmingham
- **Industry:** 45111 Sale of new cars and light motor vehicles

## Why it went into administration

- Funding withdrawn / unable to refinance
- Weak consumer demand
- Property / lease costs
- Rising interest rates

## From the administrators' statement

The Company was incorporated in 1973 and is the immediate subsidiary and operating company of White Arches. Both entities were acquired by MBH Corporation PLC in 2023.

The Company operates out of three freehold properties and one leasehold site across East Northamptonshire. One of these freeholds, being the site at Norris Road, is owned by the Company. The site at Wellingborough Road is part owned by the Company. The remainder of the site at Wellingborough Road and the site at Little Irchester is owned by White Arches. The Company employs 55 employees.

3.2. Funding and financial position of the Company

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01132276/filing-history/MzQxNzgzNTIwNmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01132276

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