Pro-Fit Tyres (NW) Limited (06043814): administration
- Status
- Administration ended
- Administration began
- 2013-07-24
- Administrators
- Sean Williams, Philip Deyes
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2007-01-08
- Location
- Leeds
- Industry
- 45200 Maintenance and repair of motor vehicles
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
31 The Company was incorporated in January 2007 and commenced trading immediately The Company was managed and operated by Pau! Brelsford and Jonathan Edwards, who were both Company Directors at fhe time
32 The Company initially traded as a mobile tyre repair operator, the Company subsequently took on premises at Bower Street, Oldham as it moved into servicing commercial vehicles to expand on tts core mobile tyre repair business
33 The Company was initially funded by the Company Directors, however, it was soon apparent that additional funding was required to assist with growth The Company entered into an invoice finance agreement with Venture Finance Limited (subsequently ABN Amro Commercial Finance ("ABN Amro”)) in July 2009
Administrators' statement of proposals (2013-09-20) · Companies House register