Fylde Motor Company Limited (03706074): administration
- Status
- Administration ended
- Administration began
- 2018-07-30
- Administrators' firm
- Director of Four Counties Recovery (NW)
- Incorporated
- 1999-02-02
- Location
- Heskin
- Industry
- 45111 Sale of new cars and light motor vehicles
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
3.1 The Campany provided recovery and rescue services for several contracts. Their two main contracts were with AADL Merseyside Police and AA Recovery, which brought in average annual revenue of £750,000. In September 2017 PW was murdered whilst abroad in Barbados. The circumstances of which has led to a reputational demise of the trading name, resulting in the two main contracts being terminated in July 2018 rendering the Company unable to pay its creditors as and when they fell due.
3.2 On 30 July 2018, Clive Morris of Marshall Peters was appointed Administrator of the Company following the filing of a Notice of Appointment of an Administrator by the Director.
3.3 The Administrator confirms that he is authorised to carry out all functions, duties and powers.
Administrators' statement of proposals (2019-04-04) · Companies House register