# Discount Tyres (Newport) Limited (05549421)

> Why UK company 05549421 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05549421

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05549421/filing-history/MzA4NTg2MzY3NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05549421

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