Mike Thompson (Stafford) Limited (03625952): administration
- Status
- In administration
- Administration began
- 2008-11-28
- Administrators
- Bruce Alexander Mackay, Graham Paul Bushby
- Administrators' firm
- Baker Tilly Restructuring & Recovery
- Formerly
- Ingleby (1142) Limited
- Incorporated
- 1998-09-03
- Location
- Birmingham
- Industry
- 5010
Why it went into administration
- Sustained trading losses
- Cash flow / liquidity pressure
From the administrators' statement
The company, was incorporated on 3 September 1998 under the name Mike Thompson (Stafford) Limited. It traded from superbly located but ageing leasehold premises in Newport Road, Stafford, ST16 2EZ. ;
The Company operated as a retail outlet for the sale of motor vehicles and” parts and a maintenance garage completing the servicing and repairs of motor vehicles. Historically, the Company had d experienced sales growth and been profitable.
• Turnover reduced significantly during 2008, largely due to the impact of the
Administrators' statement of proposals (2009-01-22) · Companies House register