# Concept Vehicles Limited (06202929)

> Why UK company 06202929 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06202929

- **Status:** Administration ended
- **Administration began:** 2011-12-23
- **Administrators:** William James Wright, Mark Jeremy Orton
- **Administrators' firm:** KPMG
- **Formerly:** Concept (2007) Limited
- **Incorporated:** 2007-04-04
- **Location:** Birmingham
- **Industry:** 5010

## Why it went into administration

- Cash flow / liquidity pressure
- Sustained trading losses

## From the administrators' statement

The principal activity of the Company was the purchasing, selling and repairing of motor vehicles and other ancillary services The Company was incorporated on 4 April 2007 and operated three motor vehicle dealerships in Coventry, Sutton Coldfield and Cardiff The sites in Coventry and Sutton Coldfield were Hyundai franchises which also offered Saab after-sales service, and the Cardiff site was a Saab dealership

The Company had been profitable historically, however, owing to difficult trading conditions, reported a loss of £348,000 in the year ended 31 December 2010 Following a difficult period of trading, the manufacturer had withdrawn a financial support package to the Coventry and Sutton Coldfield operations which had created significant additional cash flow pressures

KPMG were engaged by the Company on 2 December 2011, alongside specialist motor consultants MTBN, to conduct an accelerated sales and marketing process as a result of the Company’s immediate financial and trading difficulties

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06202929/filing-history/MzA1MjgyNzEwMmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06202929

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