Wendex Vehicle Rental Limited (05977460): administration
- Status
- Administration ended
- Administration began
- 2018-07-18
- Administrators
- Charles Hamilton Turner, Simon John Lowes
- Administrators' firm
- Insolvency Practitioners of CVR Global
- Incorporated
- 2006-10-25
- Location
- London
- Industry
- 77110 Renting and leasing of cars and light motor vehicles
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
From the administrators' statement
3.1 In June 2018 the Company faced increasing pressure from one of the finance companies that they rented/hired vehicles from. The finance company had historic arrears and charges that had built up over a period of time and were pressing for
3.2
repayment.
Administrators' statement of proposals (2018-09-20) · Companies House register