# Team Redline Racing Limited (03726706)

> Why UK company 03726706 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03726706

- **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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03726706/filing-history/MzQxMzQ0NDk1MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03726706

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