# Viking Basingstoke Limited (06422041)

> Why UK company 06422041 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06422041

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06422041/filing-history/MzE2MjY4ODgwNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06422041

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