# HMC Motor Company Ltd (07421749)

> Why UK company 07421749 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07421749

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07421749/filing-history/MzA4NTMwODI3MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07421749

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