A J Coxhead Limited (03896841): administration
- Status
- Administration ended
- Administration began
- 2012-04-12
- Administrators
- Ranjit Bajjon, Malcolm Peter Fillmore
- Administrators' firm
- Kroll
- Incorporated
- 1999-12-20
- Location
- Crawley
- Industry
- 45200 Maintenance and repair of motor vehicles
Why it went into administration
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
Atherton Bailey was first asked to advise in regard to the financial affairs of the Company in December 2011 The Company was formed in 1999 and undertakes the restoration of expensive classic motor cars, concentrating In particular on the provision of high quality paintwork and is based in leasehold premises on the former Dunsfold Airfield
The Company is owned by Andy Coxhead (90%) and his wife, Karen Coxhead, (10%)
The business has been successful in the recent past but hit a bad patch in 2010 when it made a net loss of £40,000 The finances recovered somewhat in 2011 The Company also had a significant financial claim from a customer which caused a disruption in management time and costs This claim was ultimately agreed for a sum considerably less than the litigation costs involved
Administrators' statement of proposals (2012-05-30) · Companies House register