Mitis Limited (06996753): administration
- Status
- Administration ended
- Administration began
- 2013-10-21
- Incorporated
- 2009-08-20
- Location
- Leeds
- Industry
- 45200 Maintenance and repair of motor vehicles
Why it went into administration
- Property / lease costs
From the administrators' statement
The Company was incorporated on 20 August 2009, and began trading on 1 January 2011 after the purchase of the business and assets of MSF Accident Repair Centres Limited on 34 December 2010
The Company undertook motor vehicle repair and maintenance services from leased premises situated at Benson Street, Roseville Road, Leeds
Prior to commencement of trading, the Company had secured the Fix Auto franchise for North Leeds, Fix Auto is the largest franchise operator of accident repair centres in the UK with 70 franchisees nationwide The director's rationale behind becoming a franchisee was to attempt to protect the business from the significant changes taking place in the industry, which Is continuing to undergo a period of consolidation Insurance companies are negotiating national repair deals with large groups to enable annual negotiations with a smalf number of repairers, rather than negotiations with many individual repairers The director believes that whilst, insurance companies have not entirely stopped dealing with stand-alone businesses, they tend to do so only where there ts a gap in the geographical coverage on one of the major groups, or where there Is a very long standing relationship
Administrators' statement of proposals (2013-12-09) · Companies House register