M. & P. Autofactors (Mitcham) Limited (01293866): administration
- Status
- Administration ended
- Administration began
- 2016-01-19
- Administrators' firm
- Insolve Plus
- Incorporated
- 1977-01-12
- Location
- London
- Industry
- 47789 Other retail sale of new goods in specialised stores (not commercial art galleries and opticians)
Why it went into administration
- Property / lease costs
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 12 January 1977 and immediately commenced trading as a retailer for autamotive accessories and parts.
M&P initially operated from leasehold premises at 333a London Read, Mitcham, Surrey.
The Company grew steadily and moved to a larger premises at 323/323a London Road, Mitcham, Surrey CR4 4BE (‘che Premises"). Rent of £1,713 per month was paid to Better Properties Ltd (“the Landlord”),
Administrators' statement of proposals (2016-06-30) · Companies House register