Remy Automotive UK Limited (03455049): administration and why it failed

Remy Automotive UK Limited (03455049): administration

Status: Administration ended
Administration began: 2022-02-28
Administrators: Andrew Watling, Paul Andrew Zalkin
Administrators' firm: Quantuma
Formerly: Delco Remy UK Limited; Remy UK Limited; Ibis (395) Limited
Incorporated: 1997-10-24
Location: Southampton
Industry: 26110 Manufacture of electronic components

Why it went into administration

Funding withdrawn / unable to refinance
Cash flow / liquidity pressure
HMRC / tax arrears
Sustained trading losses

From the administrators' statement

3.1

3.2

3.3

Administrators' statement of proposals (2022-04-14) · Companies House register

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Remy Automotive UK Limited (03455049): administration

Why it went into administration

From the administrators' statement

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Remy Automotive UK Limited (03455049)