# JD Classics Limited (03788194)

> Why UK company 03788194 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03788194

- **Status:** In administration
- **Administration began:** 2018-09-10
- **Administrators:** Mark Granville Firmin, Richard Dixon Fleming, Richard James Beard
- **Administrators' firm:** Alvarez & Marsal
- **Formerly:** JD Classics Holdings Ltd; JD Classics Historic Racing Services Ltd.
- **Incorporated:** 1999-06-11
- **Location:** Brighton
- **Industry:** 45190 Sale of other motor vehicles

## Why it went into administration

- Creditor pressure / legal action
- Management failings / irregularities
- Loss of key people

## From the administrators' statement

JDCL, which was incorporated on 11 June 1999, built a reputation for world class craftsmanship and engineering, alongside the trading of classic cars and customer racing activities. It operated from a showroom and restoration facility at Wycke Hill Business Park, Maldon, Essex. It operated from four other facilities in Maldon and leased a showroom in Mayfair, London. The Company had 63 employees at the date of the Joint Administrators’ appointment.

The Company's wholly-owned subsidiary, JD Classics LLC, operates a dealership from leased premises in Newport Beach, California.

In August 2016, Charme acquired a majority stake in the group. As part of the transaction, Derek Hood, the founder of JD Classics, retained a stake in the group. Certain entities in the group entered into secured senior lending facilities (the “Facilities”) with Lloyds Bank plc and a number of funds under the control of HPS Investment Partners LLC.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03788194/filing-history/MzIxOTgwODkzOWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03788194

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