Viking Basingstoke Limited (06422041): administration
- Status
- Administration ended
- Administration began
- 2016-09-21
- Administrators
- William James Wright, Stephen John Absolom
- Administrators' firm
- KPMG
- Incorporated
- 2007-11-08
- Location
- Reading
- Industry
- 45111 Sale of new cars and light motor vehicles
Why it went into administration
- Parent or group failure
- Property / lease costs
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 8 November 2007 and operated the Group's Peugeot and Citroen operations at Basingstoke and Reading It sold both new and used vehicles from its sites at Basingstoke and Reading It did not directly employ any staff
3.2. Funding and financial position of the Company
The Company was primarily funded by an overdraft facility with Lloyds Bank PLC The majority of the vehicles were funded by credit provided by PSA Finance, Blackhorse Limited and other third party funders On appointment, the Company’s bank account was in credit
Administrators' statement of proposals (2016-11-24) · Companies House register