From the administrators' statement

A brief history of the Company, together with details of the circumstances giving rise to the appointment of an Administrator, as proposed by the Directors 1s set out below.

Severndale U.K. Limited was incorporated as a Limited Liability Company on 1 August 2011.

The Company commenced trading on 22 September 2011 after entering into a Sale and Purchase Agreement for the purchase of a business known as Severndale Motor Factors from a company called Severndale Motor Factors Limited.

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Severndale U.K. Limited (07724518)

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