# Gowrings of Reading Limited (06430835)

> Why UK company 06430835 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06430835

- **Status:** Administration ended
- **Administration began:** 2016-09-21
- **Administrators:** William James Wright, Stephen John Absolom
- **Administrators' firm:** KPMG
- **Formerly:** Blakedew 707 Limited
- **Incorporated:** 2007-11-19
- **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 on19 November 2007 and operated the group's Ford sites in Reading where it sold both new and used cars The Company employed 70 people

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 FCE Bank PLC, Black Horse 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/06430835/filing-history/MzE2MjY2MTA0MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06430835

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