Automate Wheel Covers Limited (04705352): administration
- Status
- Administration ended
- Administration began
- 2016-07-18
- Administrators
- Toby Scott Underwood, Lyn L Vardy
- Administrators' firm
- PwC
- Incorporated
- 2003-03-20
- Location
- Leeds
- Industry
- 45320 Retail trade of motor vehicle parts and accessories
Why it went into administration
- Creditor pressure / legal action
- Regulatory change or action
From the administrators' statement
Crownsbury was incorporated on 30 March 2001 under the name of Sports Management Solutions Limited and remained dormant for several years before commencing business as an investment vehicle (as described below) It changed its name to Crownsbury Limited on 12 November 2007
In September 2010, Crownsbury entered into an agreement with the trustees of an unconnected pension scheme for the purpose of receiving funds of up to £1m for investment in specific opportunities. The loan was repayable in full m September 2015
In 2011, Crownsbury used the funds as follows
Administrators' statement of proposals (2016-09-20) · Companies House register