The Verve Limited (03509308): administration
- Status
- Administration ended
- Administration began
- 2013-11-29
- Administrators
- David John Standish, Gerard Anthony Friar, Blair Carnegie Nimmo
- Administrators' firm
- KPMG
- Formerly
- Dalmarnock Limited
- Incorporated
- 1998-02-12
- Location
- Leeds
- Industry
- 45111 Sale of new cars and light motor vehicles
Why it went into administration
- Cash flow / liquidity pressure
- Weak consumer demand
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
Background The Company was a well known operator of car dealerships in Central Scotland
At the date of our appomtment, the Company operated from five premises, being three car dealerships at -
e 19 Dundyvan Road, Coatbndge, ML5 1DB (“Coatbndge”), e 49 Main Road, Crookedholm, Kilmarnock, KA3 6JT (““Crookedholm’”), and
Administrators' statement of proposals (2014-01-21) · Companies House register