Manchester Car & Commercial Ltd (07109105): administration
- Status
- Administration ended
- Administration began
- 2013-05-03
- Administrators
- Craig Johns, Jason Mark Elliott
- Administrators' firm
- Cowgill Holloway Business Recovery
- Formerly
- Genesis Commercial Exports Limited
- Incorporated
- 2009-12-21
- Location
- Bolton
- Industry
- 45190 Sale of other motor vehicles
Why it went into administration
- HMRC / tax arrears
- Parent or group failure
From the administrators' statement
21 Mr Evans previously acted as a director of CTV M/C Limited (“CTV”) along with Adam Richard Evans and Bryan Colin Evans. CTV was incorporated in January 2003 and trades as an independent vehicle maintenance and repair centre specialising in commercial vehicles.
CTV was an approved Iveco service and warranty provider
22 CTV purchased the business assets of CTV Manchester Limited from its Joint Administrators in March 2011 Subsequently, CTV had to make ransom payments to critical suppliers, to ensure continuation of supply was maintained Despite this, CTV recorded net profits for the year ended 28 February 2012 and also for the period ended December 2012, however, cash flow had started to become problematic. As such, CTV sought additional funding from
Administrators' statement of proposals (2013-07-04) · Companies House register