Steadp Realisations Limited (01536657): administration
- Status
- Administration ended
- Administration began
- 2015-07-21
- Administrators' firm
- Begbies Traynor
- Formerly
- Steadplan Limited
- Incorporated
- 1980-12-30
- Location
- Leeds
- Industry
- 45200 Maintenance and repair of motor vehicles
Why it went into administration
- HMRC / tax arrears
- Bad debts / customer insolvency
- Competition / price pressure
From the administrators' statement
Steadplan Limited (‘the Company’) (‘SP’) was incorporated on 24 December 2008 The business consists of the distribution and follow-on maintenance and servicing of trucks, trailers and plant Services provided by the Company included finance, contract rental, bodyshop repair, breakdown assistance and accident recovery The Company operated from three leasehold sites based in Leeds, Rochdale and Blackburn
The primary focus of the business was the specific dealership agreement in place with MAN Truck & Bus UK Limited (‘MAN’), providing for the distribution and servicing of MAN trucks Consequently, MAN hold a legal charge over the subcontracts, warranties and guarantees of the Company The MAN distributorship constituted 90% of the business The business also had key agreements with other suppliers, including Isuzu Truck (UK) Limited and STAS NV Trailers
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Administrators' statement of proposals (2015-09-11) · Companies House register