Autoclub UK Limited (05115733): administration
- Status
- Administration ended
- Administration began
- 2015-10-06
- Formerly
- Club SYR Limited
- Incorporated
- 2004-04-29
- Location
- London
- Industry
- 45111 Sale of new cars and light motor vehicles
Why it went into administration
- Property / lease costs
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 29 April 2004 as Club SYR Ltd under the sole directorship of Mr Soong Yap, who had a number of years previous experience in the motor industry / retail market Mr Graham Higgs was appointed the Company Secretary
The principal activity of the company was dealing with the sale & rental of motor vehicles as well as importing and exporting motor vehicles It was also involved with a car club membership
The Company was initially funded by way of director’s loan of approximately £17,000 The Company also rented office premises costing £10,800 pei annum on yearly tenancy with no premium payable In addition, the Company spent approx £2,000 on furniture and office equipment
Administrators' statement of proposals (2015-11-26) · Companies House register