Millican Motors Limited (08052904): administration
- Status
- Administration ended
- Administration began
- 2015-01-29
- Administrators
- Lila Thomas, David Robert Acland
- Administrators' firm
- Begbies Traynor
- Formerly
- Millican Motors (Lillyhall) Ltd
- Incorporated
- 2012-05-01
- Location
- Preston
- Industry
- 45112 Sale of used cars and light motor vehicles
Why it went into administration
- Creditor pressure / legal action
- HMRC / tax arrears
- Cash flow / liquidity pressure
From the administrators' statement
The Company operates a car body shop and repairs centre from premises at Blackwood Road, Lillyhall Industnal Estate, Lillyhall, Workington, CA14 4JW (being the principal trading address) and Old Quarry, Bothel, Carlisle, Cumbria, CA7 2HH The Company commenced trading on 12 July 2012 having purchased the business and assets from Mullican Motors (Lillyhall) Limtted — in Administration (“MMLL")
The Company’s operations have been supported by way of a full factoring agreement with Bibby Financial Services Limited (“Bibby”) and more recently a short term loan granted by Federal Capital Limited in the sum of £24,000
The reasons for the Company’s insolvency
Administrators' statement of proposals (2015-04-01) · Companies House register