Discount Mobility Shop Limited (07009755): administration
- Status
- Administration ended
- Administration began
- 2013-03-12
- Administrators
- Ranjit Bajjon, Malcolm Peter Fillmore
- Administrators' firm
- Kroll
- Incorporated
- 2009-09-04
- Location
- Crawley
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
Discount Mobility Shop Limited was formed in September 2009 and operated a mobility scooter rental and sales business over the internet Its wholly-owned subsidtary, Mobility Abroad Limited was formed in August 2001 and operated a retail shop in Grays, Essex
At the end of January 2013, the directors realised the Companies had a major cash flow problem over paying tax and contacted their accountant Their accountant recommended they seek advice from an Insolvency Practitioner and introduced them to Steve Silver of Berley Chartered Accountants (‘Berleys") Steve Silver visited the directors on 12 February 2013 and advised them to put the Companies into voluntary fiquidatlon On 14 February 2013, Berleys assisted in convening s 98 meetings to be held on 13 March 2013 The businesses were closed immediately and the employees dismissed Berleys organised agents, Eddisons Commercial, to appraise the tangible assets, to return any goods claimed to be subject to retention of title and to prepare an auction of the residual stocks and other assets
In early March, Mr John Connah of London Mobility Coney Hall Limited (“London Mobility") was made aware of the insolvency and contacted the directors, since London Mobility were seeking to acquire other outlets As a direct consequence of these discusstons, London Mobility contacted Atherton Bailey LLP on 8 March 2013 to help structure a purchase of the business and assets of the companies as a business entity in a more advantageous manner than via a liquidation sale Prior to then we had no Involvement with the Companies and a meeting was convened with the directors and with representatives of London Mobility and we were formally retained by the Compantes on 11 March 2013
Administrators' statement of proposals (2013-05-03) · Companies House register