WCCL Limited (04495684): administration
- Status
- Administration ended
- Administration began
- 2012-05-01
- Administrators' firm
- David Rubin & Partners
- Formerly
- Westone Consumer Cars Limited; Wetsone Consumer Cars Limited; Greenwich Express Cars Limited; Westone Private Hire Training Limited
- Incorporated
- 2002-07-26
- Location
- London
- Industry
- 6022
Why it went into administration
- Funding withdrawn / unable to refinance
- Competition / price pressure
- HMRC / tax arrears
- Creditor pressure / legal action
- Parent or group failure
From the administrators' statement
The Company was incorporated on 26 July 2007 as WestOne Private Hire Training Limited and the name was changed to Greenwich Express Cars Limited on 18 December 2007 The Company further changed its name to WestOne Consumer Cars Limited on 23 February 2009 The Shareholders changed the Company’s name to WCCL Limited on 16 May 2012 in accordance with the terms of the sale and purchase agreement (“SPA”) Further details regarding the SPA are dealt with at section 4 below
The Company was set up as a consumer private car hire business A brief outline of the Company’s financial results 1s given at 3 3 below
As it can be seen, the Company generated a high level of turnover, which grew significantly during the year ending 31 December 2009 It can also be seen that despite the growing turnover, the Company struggled to generate any notable profits
Administrators' statement of proposals (2012-06-27) · Companies House register