Jeffery (Wandsworth) Limited (02981649): administration
- Status
- Administration ended
- Administration began
- 2012-12-19
- Administrators
- Gregory Andrew Palfrey, Dj Blenkarn
- Administrators' firm
- Evelyn Partners
- Formerly
- Jeffrey (Wandsworth) Limited; Retailsupply Limited
- Incorporated
- 1994-10-21
- Location
- Southampton
- Industry
- 45111 Sale of new cars and light motor vehicles
Why it went into administration
- Sustained trading losses
From the administrators' statement
The Company was Incorporated in November 1994 and traded as a retailer and repairer of Vauxhall, Chevrolet and Saab cars and vans operating from sites in Wimbledon and Croydon.
The Company has been jointly owned by the retail operator (Mr Philip Jeffery) and GM for a number of years
During the spring of 2012, substantial errors and omissions were discovered in the Company’‘s published accounts, which had shown the Company to be trading profitably. The discovery of these errors showed the Company to have been trading at a loss for a number of years, with alleged total unreported losses understood to be in excess of £3 25 million over an approximately five year period
Administrators' statement of proposals (2013-02-18) · Companies House register