# TAX Systems Limited (04998151)

> Why UK company 04998151 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04998151

- **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

- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Regulatory change or action

## 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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04998151/filing-history/MzExMjgwMzk0OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04998151

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