# Automate Wheel Covers Limited (04705352)

> Why UK company 04705352 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04705352

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04705352/filing-history/MzE1Nzc1NTU1OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04705352

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.