HMC Motor Company Ltd (07421749): administration
- Status
- Administration ended
- Administration began
- 2013-08-14
- Administrators' firm
- Kingston Smith & Partners
- Incorporated
- 2010-10-28
- Location
- London
- Industry
- 47990 Other retail sale not in stores, stalls or markets
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
21 Prior to the Company being incorporated, the director, Julian Gillett, traded under a Partnership called ‘Holdcroft Motor Company Partnership’, initially selling motor vehicles on car dealership forecourts in Swindon As time progressed and with a greater number of motor vehicles being sold on forecourts and on the internet, the director felt it correct to incorporate the Partnership into a Limited company
2.2 As such, the Company was incorporated on the 28” October 2010 and began to trade immediately as a car dealership
2.3 The Company held two car forecourts/showrooms tn Swindon, being ‘Vincent Knight at Unit 23 Rushy Platt Industrial Estate and ‘Cross Street Cars’ at 1 Transfer Bridge Industrial Estate
Administrators' statement of proposals (2013-09-18) · Companies House register