# George White Motors Limited (03118626)

> Why UK company 03118626 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03118626

- **Status:** Administration ended
- **Administration began:** 2012-01-19
- **Administrators' firm:** Deloitte
- **Formerly:** George White (UK) Limited; D M N Holdings Limited
- **Incorporated:** 1995-10-26
- **Location:** Cardiff
- **Industry:** 45400 Sale, maintenance and repair of motorcycles and related parts and accessories

## Why it went into administration

- Funding withdrawn / unable to refinance
- Sustained trading losses

## From the administrators' statement

The Company's principal activity was the sale of new and used motorcycles, together with the sale of motorcycle accessories, clothing and parts, operating from six locations throughout the UK

The Company made a loss of approximately £700,000 during the financial year ended 31 December 2010 and the Directors anticipate that the financial statements for the year ended 31 December 2011 will show a loss of approximately £500,000 The trading outlook for the financial year ending 31 December 2012 remained bleak and the Directors did not anticipate a significant improvement

Given the continued trading losses and the ongoing cash requirements and the imminent breach of the overdraft facility, the Directors took steps to place the Company into Administration

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03118626/filing-history/MzA1NDg1MjI5MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03118626

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