# The Verve Limited (03509308)

> Why UK company 03509308 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03509308

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03509308/filing-history/MzA5MzAzMTM3MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03509308

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