# Rapid Car Parts Ltd (02700287)

> Why UK company 02700287 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02700287

- **Status:** Administration ended
- **Administration began:** 2011-12-06
- **Administrators:** Christopher William Pillar, David Robert Baxendale, Robert Hunt
- **Administrators' firm:** PwC
- **Formerly:** Rapid Exhausts Limited
- **Incorporated:** 1992-03-25
- **Location:** Leeds
- **Industry:** 5190

## Why it went into administration

- Sustained trading losses
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Property / lease costs
- Competition / price pressure

## From the administrators' statement

I was contacted by the directors of the Company on 28 November 2011 and attended a number of meetings with both the directors and representatives of Friend LLP. Friend LLP were the Company's accountants and carried out a number of management functions on tts behalf.

The Company occupied eight leasehold sites in East Angha and the South East There was also a head ottice function based in Birmingham. The Company employed a total of 82 staff

The Company operated tn the highly competitive motor factor industry and turnover reduced each month dunng 2011.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02700287/filing-history/MzA1MTc5NTUwNGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02700287

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.