Roadrunner of Hednesford Limited (02639367): administration
- Status
- Administration ended
- Administration began
- 2013-11-19
- Administrators
- Mary Ann Currie-Smith, John Anthony Lowe
- Administrators' firm
- Begbies Traynor
- Formerly
- Meaujo (103) Limited
- Incorporated
- 1991-08-20
- Location
- Leicester
- Industry
- 45320 Retail trade of motor vehicle parts and accessories
Why it went into administration
- Weak consumer demand
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company ts a long established independent motor car spares retailer based out of a small commercial unit in Hednesford, Staffordshire
Since being established in 1991 the Company has until recently proven to be annually profitable and has delivered consistent performance The Company enjoyed a steady turnover of around £650-750k per annum with a gross margin on average of circa 35%
The company utilised an overdraft facility with Lloyds Bank Plc to finance the Company's business activities
Administrators' statement of proposals (2014-01-14) · Companies House register