# Bodymaster Accident Repair Centre Limited (05559552)

> Why UK company 05559552 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05559552

- **Status:** Administration ended
- **Administration began:** 2011-07-20
- **Administrators:** Craig Povey, Richard Howard Toone
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2005-09-09
- **Location:** London
- **Industry:** 7487

## Why it went into administration

- Cash flow / liquidity pressure
- Competition / price pressure

## From the administrators' statement

The Company was incorporated on 9 September 2005 and traded as a vehicle accident repair centre

The Company was funded from an overdraft/loan facility with Lloyds TSB Bank PLC and laterly by invoice discounting by Ultimate Finance Ltd (“Ultimate”) Previous to that, invoice discounting was provided by Lloyds TSB Commercial Finance Ltd Lloyds TSB Bank PLC, Lloyds TSB Commercial Finance Ltd and Ultimate have debentures incorporating fixed and floating charges, all of which remain unsatisfied at the date of administration

Chantrey Vellacott DFK had no prior involvment with the Company until 14 July 2011 when Ultimate requested my firms assistance to review the circumstances surrounding the Company, as it appeared to be in financial difficulty

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05559552/filing-history/MzA0MzkzNTExMGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05559552

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