# Pralong Limited (07610944)

> Why UK company 07610944 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07610944

- **Status:** Administration ended
- **Administration began:** 2016-09-21
- **Administrators' firm:** KPMG
- **Incorporated:** 2011-04-20
- **Location:** Reading
- **Industry:** 82990 Other business support service activities n.e.c.

## Why it went into administration

- Parent or group failure
- Property / lease costs
- Sustained trading losses
- Regulatory change or action

## From the administrators' statement

The Company was incorporated on 20 April 2011 and operated the Group's New & Used Vehicle Honda dealership at Basingstoke employing 23 people

3.2. Funding and financial position of the Company

The Company was primarily funded by an overdraft facility with Lloyds Bank PLC The majority of the vehicles were funded by credit provided by Honda Finance Limited, Black Horse Limited and other third party funders

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07610944/filing-history/MzE2MjY5MDM3OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07610944

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