Taxi Realisations Limited (02219116): administration
- Status
- Administration ended
- Administration began
- 2022-07-06
- Administrators
- Lee Anthony Green, Andrew Anderson Kelsall
- Administrators' firm
- Price Bailey
- Formerly
- Five Star Taxis Limited
- Incorporated
- 1988-02-09
- Location
- Norwich
- Industry
- 49320 Taxi operation
Why it went into administration
- COVID-19
- Weak consumer demand
- Competition / price pressure
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the directors of the Company and not from my personal knowledge as Administrator.
The Company was incorporated in 1988 and has traded as a taxi operator from 43a Prince of Wales Road, Norwich, NR1 1BL. For most of its history it has traded profitably however, since 2017 the Company has been making losses.
It would appear that the Company has been supported by the directors personal funding as they are owed a combined sum of £135,000. It is assumed that the Company has been affected by the covid 19 pandemic and recent cost of living increase.
Administrators' statement of proposals (2022-08-18) · Companies House register