Solid Auto (U.K.) Limited (02446727): administration
- Status
- Administration ended
- Administration began
- 2016-10-04
- Administrators
- Toby Scott Underwood, Ian David Green, Peter David Dickens
- Administrators' firm
- PwC
- Formerly
- Goldmake Limited
- Incorporated
- 1989-11-27
- Location
- Leeds
- Industry
- 45310 Wholesale trade of motor vehicle parts and accessories
Why it went into administration
- Rising costs / inflation
- Competition / price pressure
- Weak consumer demand
- Cash flow / liquidity pressure
- Sustained trading losses
- Brexit
From the administrators' statement
The Andrew Page group of companies (the Group) was one of the largest independent automotive aftermarket parts distributor in the UK, in a market mainly consisting of a large volume of regional players A Group structure and recent financial information are included at Appendix A.
The first ‘Andrew Page’ branch was opened in Leeds mn 1917 and the business was owned by the Page family until 2010. Between 1946 (when Andrew Page was established in its present form) and 2012, the Group expanded organically to operate from 66 branches
Phoenx invested in the Group in 2010. Endless, alongside Phoenix, further mvested mn 2014 to develop the growth strategy
Administrators' statement of proposals (2016-12-06) · Companies House register