Euromotive (Kent) Limited (02886607): administration
- Status
- Administration ended
- Administration began
- 2023-02-16
- Administrators
- Gareth David Wilcox, Adrian Paul Dante
- Administrators' firm
- Opus Restructuring
- Formerly
- Mablaw 321 Limited
- Incorporated
- 1994-01-12
- Location
- Milton Keynes
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
3.1
The Joint Administrators were originally apporached by the directors to place the company into Liquidation. However, due to the creditor pressure from the landlord, that had proceeded to refuse the company access to the Dover premises, and the uncertainty of the security of the premises and the assets in the premises, the directors decided following further advice that an Adminsitration would be the most appropriate course of action to secure the Company’s position and assets and ultimately provide thee best outcome to the creditors.
3.2 No Moratorium under Part A1 of the Act has been in force for the Company at any time within the period of 2 years ending with the day on which it entered Administration.
Administrators' statement of proposals (2023-04-20) · Companies House register