Gmund Cars Limited (06023490): administration
- Status
- Administration ended
- Administration began
- 2019-06-21
- Administrators
- Julian Pitts, Richard Kenworthy
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2006-12-08
- Location
- Leeds
- Industry
- 45112 Sale of used cars and light motor vehicles
Why it went into administration
- Creditor pressure / legal action
- Sustained trading losses
- Brexit
From the administrators' statement
Gmund Cars Limited was incorporated by the director, Andrew Mears, and former director, Samantha Mearns, on 8 December 2006 for the purpose of restoring and selling classic cars, specialising in the sale, service and restoration of classic Porsches but also in other classic cars.
The business had been established approximately 20 years ago by Andrew Mearns prior to its incorporation as a limited company. In 2002, the business moved into leasehold premises at Unit 14 Nidd Valley Business Park, Lingerfield, Knaresborough, HG5 9JA where it has remained. This Unit housed the office, showroom and a workshop for restoration work. It also subsequently took on the lease for Unit 11 Nidd Valley Business Park, from which it mainly conducted service, repair and restoration work.
The workforce comprised office staff and mechanics and totalled 7 staff plus the Director at the beginning of 2019. Trading was 6 days a week, only opening on a Sunday by appointment, and the Director states that he has worked 6 days a week at the business for the last 17 Years.
Administrators' statement of proposals (2019-08-16) · Companies House register