Binz U.K. - Nilsson Limited (02368609): administration
- Status
- Administration ended
- Administration began
- 2013-01-17
- Administrators
- William Matthew Humphries Tait, Danny Dartnaill
- Administrators' firm
- BDO
- Formerly
- G Duffy Coachworks Limited; Binz U.K. - Nilsson Limited; Nilsson UK Limited; Nilsson Karosserifabrik International Limited; Nilsson (Karosserifabrik) International Limited; Nilsson (Karosserifabrik) UK Ltd.; Nilssons (Karosserifabrik) UK Limited
- Incorporated
- 1989-04-05
- Location
- Reading
- Industry
- 45111 Sale of new cars and light motor vehicles
Why it went into administration
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
21 The Company was incorporated on 5 April 1989 and specialised in the supply of new and used vehicles to the funeral profession It operated from leasehold premises 1n Reading, Berkshire.
2.2 The Company held a contract with its mayor supplier under which the Company had the exclusive right within the UK and Republic of Ireland to distnbute Mercedes Benz vehicles that had been converted by the suppler. The Company also provided aftersales service and repairs, and operated a dedicated Mercedes Benz service centre.
23 The Company’s audited accounts show that turnover reached £8 6 million and £9 5 million in the years to 31 March 2007 and 31 March 2008 respectively. Although turnover fell to £7.9 million in the year to 31 March 2009, it then rose to £9 0 million in the nine month period to 31 December 2009 Further information on the Company’s performance 1s set out at Appendix 1.
Administrators' statement of proposals (2013-03-11) · Companies House register