Unipart Automotive Limited (07738701): administration
- Status
- Administration ended
- Administration began
- 2014-07-23
- Administrators
- William James Wright, Jonathan Charles Marston, Mark Jeremy Orton
- Administrators' firm
- KPMG
- Formerly
- Netco Trading Limited
- Incorporated
- 2011-08-12
- Location
- Birmingham
- Industry
- 45320 Retail trade of motor vehicle parts and accessories
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The origins of the business date back to the 1970's, and up until 2011, 1t was part of the wider Unipart Group of Companies, a leading manufacturer and logistics services provider in the United Kingdom The Company was formally incorporated in 2011, following the purchase of a majority stake by H2 Equtty Partners from the Unipart Group of Companies
The Company, which had 2 primary head offtces based in Birmingham and Bicester, was one of the United Kingdom's largest independent suppliers of car parts and workshop consumables As at the date of our appointment, the Company traded from 163 branches and hubs across the United Kingdom, and had a total workforce of 1,813 employees, 71 of which were located at the Birmingham head office, 55 were located at the Bicester head office, and the remaining 1,687 were located either in the branches, hubs or field based
2.2 Funding and financial position of the Company
Administrators' statement of proposals (2014-08-28) · Companies House register