Marshall Roebuck Limited (03191922): administration
- Status
- Administration ended
- Administration began
- 2016-09-21
- Administrators
- William James Wright, Stephen John Absolom
- Administrators' firm
- KPMG
- Formerly
- Eventread Limited
- Incorporated
- 1996-04-29
- Location
- Reading
- Industry
- 45111 Sale of new cars and light motor vehicles
Why it went into administration
- Parent or group failure
- Property / lease costs
- Sustained trading losses
- Regulatory change or action
From the administrators' statement
The Company was incorporated on 29 April 1996 and operated the group’s Peugeot and Citroen site at Newbury and employed 20 people It sold both new and used vehicles from its site at Newbury
3.2 Funding and financial position of the Company
The Company was primarily funded by an overdraft facility with Lloyds Bank PLC The majority of the vehicles were funded by credit provided by PSA Finance UK Limited, Black Horse Limited and other third party funders On appointment, the Company’s bank account was In credit
Administrators' statement of proposals (2016-11-24) · Companies House register