Pearl (Crawley) Limited (03966320): administration
- Status
- Administration ended
- Administration began
- 2012-08-29
- Administrators
- Gregory Andrew Palfrey, Dj Blenkarn
- Administrators' firm
- Evelyn Partners
- Incorporated
- 2000-04-06
- Location
- Southampton
- Industry
- 45111 Sale of new cars and light motor vehicles
Why it went into administration
- Sustained trading losses
From the administrators' statement
The Company was incorporated in April 2000 and traded as a retailer and repairer of Vauxhall and Chevrolet cars and vans operating from sites in Crawley and Horsham
The Company has been jointly owned by the retail operator (Mr Peter Stevens CMr Stevens”)), Mr Shepherd (a former director) and General Motors UK Limited (“GM”) for a number of years
The Company's statutory accounts indicate that it has incurred trading losses over a number of years which have more recently been funded by support from GM tn the form of loans and other support payments
Administrators' statement of proposals (2012-10-24) · Companies House register