Mulgari Automotive Limited (07481383): administration
- Status
- Administration ended
- Administration began
- 2019-01-25
- Administrators
- Stephen Powell, Julie Anne Palmer
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2011-01-04
- Location
- Salisbury
- Industry
- 45200 Maintenance and repair of motor vehicles
Why it went into administration
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
Cornpany are Alistair Scott and Ben Sunners.
The Company provides highly specialised automotive services to cars and also provides car storage. Initially the business was funded by Neal Sunners and Ben Sunnets. However, in 2015 Ben Sunners met Alistair Scott who provided investment The business grew as it had a good reputation and it developed in a niche area particularly in the Lamborghini community where storage facilities were provided.
The Company's downtum started around two years ago when there was a change in the market. This was
Administrators' statement of proposals (2019-05-23) · Companies House register