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SIX Five Nine Cars Limited (05389347): administration

Status
Administration ended
Administration began
2016-11-25
Administrators' firm
Begbies Traynor
Formerly
SIX Five Nine Taxis Limited
Incorporated
2005-03-11
Location
York
Industry
45112 Sale of used cars and light motor vehicles

Why it went into administration

From the administrators' statement

Six Five Nine Cars Limited (‘the Company”) was incorporated on 11 March 2005 and traded as a private hire taxt company, from leasehold premises latterly at 39 Layerthorpe, York, YO31 7UZ

At the outset, the directors were Adnan Smith and Hilary Charies Taylor, who held 75 and 25 of 100 Ordinary shareholding, respectively Mr Taylor later resigned as a director in February 2012 and his shareholding was acquired by Mr Smith

The Company generated income by charging drivers a Tax! Subscription which would allow them to work for the Company on a self-employed basis The drivers would subsequently retain the fares from passengers

Administrators' statement of proposals (2017-01-27) · Companies House register

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SIX Five Nine Cars Limited (05389347)

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