Team Redline Racing Limited (03726706): administration
- Status
- Administration ended
- Administration began
- 2024-01-26
- Formerly
- Redline Racing-Porsche Limited; R.L.R. (North East) Limited
- Incorporated
- 1999-03-04
- Location
- Matlock
- Industry
- 45200 Maintenance and repair of motor vehicles
Why it went into administration
- COVID-19
- Energy costs
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Competition / price pressure
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of the proposals has been prepared based on information provided by the Board of Directors (‘the Board”) of the Company and not from my personal knowledge as Administrator.
The Company was incorporated on 4 March 1999 in the name of R.L.R (North East) Limited, It later changed its name to Redline Racing-Porsche Limited on 10 July 2012, before changing it again on 28 February 2013 to its current name of Team Redline Racing Limited.
Mr Simon Leonard, the current Director, was appointed on the date of incorporation, 4 March 1999.
Administrators' statement of proposals (2024-03-08) · Companies House register