Aire Body Care Limited (06897729): administration
- Status
- Administration ended
- Administration began
- 2014-04-24
- Incorporated
- 2009-05-06
- Location
- Walsall
- Industry
- 29201 Manufacture of bodies (coachwork) for motor vehicles (except caravans)
Why it went into administration
- HMRC / tax arrears
- Competition / price pressure
- Creditor pressure / legal action
- Bad debts / customer insolvency
From the administrators' statement
The directors of the Company advise me that the business, Aire Body Care (ABC) was a division of Aire Truck Bodies Limited Throughout the recent recession, ABC financially supported Aire Truck Bodies Limited and was tts life line throughout that period
In June 2012 Aire Body Care Limited purchased the business and assets of ABC from Aire Truck Bodies Limited making it a stand alone business Unfortunately in August 2012 Aire Truck Bodies Limited was placed into administration The supply cham of Aire Truck Bodies Limited almost murrors that of Aire Body Care Limited and so Aire Body Care Limited had to make payments to a number of the Aire Truck Bodies Limited’s creditors in order to retain the supply of goods According to the Company’s directors, in the last one and three quarter years Aire Body Care Limited has paid some £300,000 to creditors of Aire Truck Bodies Limited
The directors state that business was buoyant for the first eght months after the demise of Aire Truck Bodies Limited This allowed Aire Body Care Limited the ability to keep to all 1ts payment commitments
Administrators' statement of proposals (2014-06-12) · Companies House register