Valet Encore Services Limited (07194746): administration
- Status
- Administration ended
- Administration began
- 2012-04-12
- Administrators' firm
- ReSolve
- Incorporated
- 2010-03-18
- Location
- London
- Industry
- 5020
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
A background of the Company was provided in my Statement of Insolvency Practice 16 report (SIP16), a copy of which is attached at Appendix ! A brief summary of the background is as follows
The Company was incorporated on 18 March 2010 to acquire the business and assets of Vehicle Enhancement Services Limited, offering valet and preparatory services to the rental car market The business was well established having formed long term service relationships with Jeading car rental companies throughout the UK
The Company operated from Unit 2, The Courtyard, Caldecote, Nuneaton, Warwickshtre, CV10 OAS where it employed a Managing Director, Financial Director, three office staff and 20 valet staff working at various sites throughout the UK In addition the Company employed approximately 180 sub contractors used as and when required
Administrators' statement of proposals (2012-05-14) · Companies House register