# Wocl Limited (06229424)

> Why UK company 06229424 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06229424

- **Status:** Administration ended
- **Administration began:** 2012-05-01
- **Administrators' firm:** David Rubin & Partners
- **Formerly:** Westone Cars Limited; Burgundy Passenger Cars Limited; Burgundy Private Hire Limited
- **Incorporated:** 2007-04-27
- **Location:** London
- **Industry:** 49390 Other passenger land transport

## Why it went into administration

- Funding withdrawn / unable to refinance
- Competition / price pressure
- HMRC / tax arrears
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Parent or group failure
- Property / lease costs

## From the administrators' statement

The Company was incorporated on 27 April 2007 as Burgundy Private Hire Limited and the name was changed to WestOne Cars Limited on 10 May 2007 The principal activities of the Company are that of the provision of executive passenger car services The shareholder changed the Company’s name from WestOne Cars Limited to WOCL Limited on 16 May 2012 in accordance with the terms of the sale and purchase agreement (“SPA”) Further details regarding the SPA are dealt with at section 4 below

The Company purchased the customer list and certain assets from the administrator of Burgundy Cars Limited for a cash consideration of £1 21m on 17 May 2007. In its first year of trading to 31 December 2007, the Company’s turnover amounted to £8 24m and earnings before interest, tax, depreciation and amortisation (“EBITDA”) amounted to £551,037

In the subsequent full year of trading to 31 December 2008, turnover increased to £10 49m with EBITDA increasing to £1 08m On 1 January 2009, the Company purchased the business and assets of its parent company, WestOne Passenger Transport Group Limited In the year ending 31 December 2009, turnover increased to £12 19m whilst EBITDA remained at similar levels .to the previous year and profit after tax more than doubled, increasing from £293,754 in 2008 to £590,834 in 2009

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06229424/filing-history/MzA1ODkxNzYxMWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06229424

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