# Tyneside Autobuy Limited (07417350)

> Why UK company 07417350 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07417350

- **Status:** Administration ended
- **Administration began:** 2020-01-31
- **Administrators:** Steven Muncaster, Benjamin John Wiles
- **Administrators' firm:** Kroll
- **Incorporated:** 2010-10-25
- **Location:** Manchester
- **Industry:** 45112 Sale of used cars and light motor vehicles

## Why it went into administration

- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
- Regulatory change or action

## From the administrators' statement

Statutory information on the Company and a summary of Its financiai history is included at Appendix 4

The Company traded as a second hand car dealership, operating from the Property The Property is owned by Autoparc, which ts the majority shareholder of the Company, and ts also connected by virtue of a common directorship Historically, the Property had been rented to several independent dealerships, who had each occupied a portion of the site

The Company was incorporated on 25 October 2010 The Directors had experienced a downtum in rental income under Autopare, following a number of tenants ceasing to trade due to financial difficulties attnbuted to the poor economic chmate within the United Kingdom

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07417350/filing-history/MzEwNjk5NjE1MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07417350

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.