Motorauctions Leeds Limited (01861719): administration
- Status
- Administration ended
- Administration began
- 2011-09-20
- Administrators' firm
- Begbies Traynor
- Formerly
- Dazzon Limited
- Incorporated
- 1984-11-07
- Location
- Leeds
- Industry
- 5010
Why it went into administration
- Competition / price pressure
From the administrators' statement
Motorauctions Leeds Ltd (‘the Company’) was incorporated in 1984 under the company number 01861719 for the purpose of an auction house to sell motor vehicles
The Company was started by Max Rostron and his business Partner at the time The Company enjoyed a long history of successful trading, expanding over the years employing 25 members of staff from the 3 acre site in Hunslet, Leeds
The long history of success had enabled the Company to accrue shareholder funds of £866,172 by the accounts for the year ended 2009 enabling a substantial dividend to shareholders
Administrators' statement of proposals (2011-11-17) · Companies House register