HEX Holdings Limited (01285161): administration
- Status
- Administration ended
- Administration began
- 2011-09-06
- Formerly
- Nottingham GE Motor Factors Limited
- Incorporated
- 1976-11-04
- Location
- Birmingham
- Industry
- 5030
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 4 November 1976 Statutory information on the Company and a summary of its financial position Is included at Appendix 1,
The Company actually commenced trading from the branch in Leicester tn 1971 as GE Motor Factors. It opened the Loughborough branch In 1975 and opened its Nottingham branch shortly after that and became Nottingham GE Motor Factors Limited in November 1976,
Over the forthcoming years, the Company bought several companies and began to operate from branches in Coventry, Plymouth, Redruth, Spalding, Exeter, Bristol, Norwich, Taunton, Cardiff and Swansea,
Administrators' statement of proposals (2011-11-01) · Companies House register