DA Realisations Limited (07101436): administration
- Status
- Administration ended
- Administration began
- 2012-08-03
- Administrators
- Kevin Gerald Murphy, Andrew Poxon
- Administrators' firm
- Leonard Curtis
- Formerly
- Diatech Automotive Ltd
- Incorporated
- 2009-12-10
- Location
- Bury
- Industry
- 45200 Maintenance and repair of motor vehicles
Why it went into administration
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company was incorporated in December 2009 The directors on incorporation were Mr Alan Adams and Mr Darren Adams. Mr Darren Adams later resigned as a director in March 2010
The Company provided maintenance services to motor vehicles including repairs, servicing and MOT work The Company provided services to the public and pnvate sector fleets The Company was a member of the ‘Bosch’ franchise The Company employed 11 staff The Company traded from leasehold premises at Owen Road, Willenhall, WV13 2PZ
The Company was funded by way of an invoice finance facility with Lloyds TSB Commercial Finance Limited (‘LTSBCF”) who hold security by way of a debenture, incorporating a fixed and floating charge over the Company's assets, created on 21 February 2011 The Company also received funded by way of a loan from Lloyds TSB Bank Plc (‘the Bank") Furthermore, although the Company did not have an agreed overdraft, upon our appointment the current account provided by the Bank was overdrawn Persona! funds were also provided by the director
Administrators' statement of proposals (2012-10-02) · Companies House register