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TAX Systems Limited (04998151): administration

Status
Administration ended
Administration began
2014-10-17
Administrators
Mark Robert Fry, Kirstie Jane Provan
Administrators' firm
Begbies Traynor
Formerly
TAX Systems PLC; ECO City Vehicles PLC; Pannal PLC; Unsurpassed PLC
Incorporated
2003-12-17
Location
Staines-upon-Thames
Industry
64204 Activities of distribution holding companies

Why it went into administration

From the administrators' statement

The Company is the non-trading holding company of the group of companies as set out in the structure chart at Appendix 1 (the Group”) The Company’s shares are listed on the Alternative Investment Market ("AIM”) The Group was an established specialist vehicle distributor and a leading after-sales service centre for the London Taxi owner-driver market

The principle income streams for the Group were

() licensing fees due in respect of intellectual property used for the conversion of Mercedes Benz vehicles into licensed taxis, (n) a licensed tax! dealership, with related driver solutions and after-sales services, mainly

Administrators' statement of proposals (2014-12-04) · Companies House register

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TAX Systems Limited (04998151)

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