Whitestone Cars Limited (01347407): administration
- Status
- Administration ended
- Administration began
- 2012-06-13
- Formerly
- Hereford Toyota Centre Limited
- Incorporated
- 1978-01-11
- Location
- Bristol
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- Property / lease costs
From the administrators' statement
21 The Company was Incorporated in 1978 as Herefordshire Toyota Centre Limited and in 1983 the Company changed the name to Hereford Toyota Centre Limited and then in 1992 changed the name to Whitestone Cars Limtied
22 The Company traded for many years as a Toyota Car Dealership and MOT and repairs centre from freehold premises at Mill Street, Hereford tn 1985 the Company sold the freehold premises at Mill Street for £150,000 The Company purchased freehold premises at Whitestone, Worcester Road in early 1985 in the sum of £370,000, and obtained finance from National Westminster Bank pic in the sum of £100,000 to develop the property This loan has been now been repaid in full
23 During 2004 the Company decided to also be a Hyundia dealership, the Company therefore obtianed a secured loan from HSBC Bank plc in the sum of £200,000 to refurbish the show room to Hyundia specification
Administrators' statement of proposals (2012-08-01) · Companies House register