Discount Tyres (Newport) Limited (05549421): administration
- Status
- Administration ended
- Administration began
- 2013-08-01
- Incorporated
- 2005-08-31
- Location
- Stoke Prior
- Industry
- 45200 Maintenance and repair of motor vehicles
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Rising costs / inflation
From the administrators' statement
Gareth White originally traded the business until its incorporation in 2005 Gareth and Stephen White were both appointed Directors of the company on incorporation
The company traded as a supplier of tyres and exhausts and also provided vehicle repair services including providing MOTs and servicing to trade customers The company traded with success and quickly became profitable
Initially the company traded from leasehold premises in Newport, South Wales In 2008, the company undertook a major expansion of Its business and opened further branches in Cwmbran and Cardiff Shortly afterwards, the premises next to the company’s existing Cwmbran Branch became vacant and the Directors decided to take on the additional site and expand the Cwmbran Branch
Administrators' statement of proposals (2013-09-26) · Companies House register