Car Valet (UK) Limited (05357450): administration
- Status
- Administration ended
- Administration began
- 2013-10-11
- Administrators
- Kikis Kallis
- Administrators' firm
- Kallis & Company
- Incorporated
- 2005-02-08
- Location
- London
- Industry
- 81299 Other cleaning services
Why it went into administration
- Property / lease costs
From the administrators' statement
By way of some background as to the reasons for the Company’s current financial position, the director was already trading a company by the name of Car Wash (UK) Parking & Valeting Limited (“Car Wash”) Based on advice from his accountants he decided to set up Car Valet (UK) Limited (“Car Valet”) in 2005 in order to manage new sites providing car valeting services in various shopping centre car parks
Over the years the Company grew steadily with a number of sites opening up every year using the same formula Both companies worked concurrently and the businesses were managed by the same management team
The Company has traded profitably throughout this tume In the summer of 2012, the two Companies were contacted by various local authorities enquiring about sites they occupied and the basis of such occupation Following their enquiries rates demands were issued for the current year and the three preceding years The Companies have been in discussions with the local authorities for some months but with no resolution as to payment terms or negotiation of Hability The Companies were left with no option other than to seek advice from an Insolvency Practitioner. The extent of the liability to rates over the various sites 1s currently undetermined, but estimated to be between £600-800K
Administrators' statement of proposals (2013-11-05) · Companies House register