Superbike Factory Limited (08037214): administration
- Status
- In administration
- Administration began
- 2026-07-20
- Administrators
- James Saunders, Robert Halliday, Michael Lennon
- Administrators' firm
- Advisory
- Formerly
- 123 Car Finance Limited
- Incorporated
- 2012-04-19
- Location
- Manchester
- Industry
- 45400 Sale, maintenance and repair of motorcycles and related parts and accessories
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Sustained trading losses
- Regulatory change or action
From the administrators' statement
As noted in section 3, the trading performance of the business had suffered for an extended period as a result of wider sector challenges, which placed increasing strain on its liquidity position. This required Enact to increase its working capital facility to support the business, and SBF to sell a company owned freehold property via a sale and leaseback to raise working capital, and to seek increased facility limits from DFC where possible.
The Companies experienced a sustained period of challenging trading in 2025, reporting an operating loss of £6.1m and loss before taxation of £11.7m.
As a consequence of the recent trading losses, the Group accumulated tax arrears with HMRC totalling £2.2m according to the Directors’ Statement of Affairs. Although time to pay arrangements were agreed in respect of these liabilities, the Group's liquidity position meant that the required payments could not be maintained.
Administrators' statement of proposals (2026-09-21) · Companies House register