# Race Dynamics Limited (03464522)

> Why UK company 03464522 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03464522

- **Status:** Administration ended
- **Administration began:** 2011-11-01
- **Formerly:** Speed 6616 Limited
- **Incorporated:** 1997-11-12
- **Location:** Fareham
- **Industry:** 5030

## Why it went into administration

- Weak consumer demand
- Sustained trading losses

## From the administrators' statement

The company supplied car parts and accessories to the public on line and from leasehold shop premises in Andover Shopping Centre employing 3 staff

The company commenced trading in November 1997 and Nicholas Maher is the sole director and shareholder

The company was funded by an overdraft facility from HSBC Bank Ple and whilst the bank has no security over the assets of the company the director, Mr Maher, has personally guaranteed this debt

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03464522/filing-history/MzA0NzM1Nzk0NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03464522

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