# Autoclub UK Limited (05115733)

> Why UK company 05115733 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05115733

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05115733/filing-history/MzEzNjA5MDAwMmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05115733

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