WPTG Limited (04496350): administration
- Status
- Administration ended
- Administration began
- 2012-05-01
- Administrators' firm
- David Rubin & Partners
- Formerly
- Westone Passenger Transport Group Limited; Westone Passenger Cars Limited
- Incorporated
- 2002-07-26
- Location
- London
- Industry
- 6023
Why it went into administration
- Funding withdrawn / unable to refinance
- Parent or group failure
- Competition / price pressure
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
The Company’s principal activity 1s that of a holding company The main trading company in the group was WOCL Limited formerly known as WestOne Cars Limited — in Admimistration (“WOCL”) Paul Appleton and I were also appointed Jo:nt Administrators of WOCL 1 May
The Company was mcorporated on 26 July 2002 as WestOne Passenger Cars Limited It changed its name to WestOne Passenger Transport Group Limited on 23 February 2009 and then the Company’s name was changed by the Shareholders 1n accordance with the terms of the sale and purchase agreement (“SPA”) on 16 May 2012 to WPTG Limited Further details regarding the SPA are dealt with at section 4 below
The Company acquired the passenger car business of City Sprint (UK) Limited on | January 2003 The Company subsequently sold its business to WOCL on 1 January 2009 Since this date, it has been a non-trading holding company
Administrators' statement of proposals (2012-06-27) · Companies House register