Pacific Retail Limited (06641125): administration
- Status
- Administration ended
- Administration began
- 2015-03-24
- Administrators' firm
- BDO
- Formerly
- Fleetness 610 Limited
- Incorporated
- 2008-07-08
- Location
- Manchester
- Industry
- 45310 Wholesale trade of motor vehicle parts and accessories
Why it went into administration
- Sustained trading losses
- Cash flow / liquidity pressure
- Property / lease costs
- Competition / price pressure
- Shift to online / high-street decline
From the administrators' statement
The Company’s principal activity is that of a Ingh street retailer of automotive parts, consumables and accessories for various aftermarket segments including cars, vans, motorcycles and caravans, along with cycles and other leisure related products
Prior to the appointment of the Joint Administrators, the Company traded from 66 retail stores across the Umited Kingdom under the trading name, Motor World and employed approximately 200 staff. The Company’s head office function 1s based at Bevis Green Works, Mill Road, Walmerstey, Bury, Lancashire.
The Company purchased approximately 70% of its products from subsidiaries of Tetrosyl Group Limited, namely Tetrosyl Limited, Maccess Limited and QH Autoparts Limited (together, along with other associated companies the “Tetrosylt Group of Companies”). This relationship enabled the Company to provide a more competitive price to its customers
Administrators' statement of proposals (2015-04-20) · Companies House register