# Total Tyre Care Ltd (06465558)

> Why UK company 06465558 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06465558

- **Status:** Administration ended
- **Administration began:** 2011-11-18
- **Incorporated:** 2008-01-07
- **Location:** Cheltenham
- **Industry:** 5020

## Why it went into administration

- HMRC / tax arrears
- Energy costs
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Credit insurance / supplier credit withdrawn
- Competition / price pressure

## From the administrators' statement

The company was formed on 7 January 2008 but remained dormant until after the demise of A5 Commercial Services Limited (“A5”)

The company commenced trading following the liquidation of A5 Payment for the assets was agreed on a deferred consideration after a period of negotiation with the liquidator Prior to reaching agreement for the purchase of the assets the company used the assets for trading under a licence agreed with the liquidator

Inttial trading was funded by factoring the company’s book debts with Bibby Bibby were granted a debenture by the company In July 2010 and trading commenced in August 2010

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06465558/filing-history/MzA0OTAzNjU0NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06465558

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