United Petroleum Company Limited (04107525): administration
- Status
- Administration ended
- Administration began
- 2012-04-25
- Incorporated
- 2000-11-14
- Location
- Leeds
- Industry
- 47300 Retail sale of automotive fuel in specialised stores
Why it went into administration
- Cash flow / liquidity pressure
- Weather / natural events
From the administrators' statement
The Dtrector has stated that he first rented Clayhill Service Station in 1997, at which pomnt it was a closed-down forecourt situated adjacent to the A26, comprising a disused service station
Dunng the first two years of trading from the site, which at that stage was held on a rental basis, the Director has stated that he re-established the retail business and entered the distribution market with one tanker He then became aware during this time of opportunities in the focal oil distnbution market for a business offering a range of fuels
In 2000 United Petroleum Company Limited (“UPCL”) was incorporated and commenced trading from the Clayhill site The Company purchased the freehold and began a substantial investment and improvement program as part of a long-term business plan The Director has stated that some £2 million has been invested, installing new above-ground oil storage tanks, drainage, interceptors, pumps, top-loading equipment, bottom-loading equipment, and the tanker fleet He has further stated that the Company acquired additional land to enlarge the site and undertook extensive developments works of the entire site, including the office and the construction of a convenience store and off-licence
Administrators' statement of proposals (2012-06-20) · Companies House register