# Aquila Truck Centres (Italia) Limited (08480919)

> Why UK company 08480919 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08480919

- **Status:** Administration ended
- **Administration began:** 2018-10-16
- **Administrators:** Steven Muncaster, Allan Watson Graham
- **Administrators' firm:** Kroll
- **Incorporated:** 2013-04-09
- **Location:** Manchester
- **Industry:** 45111 Sale of new cars and light motor vehicles

## Why it went into administration

- HMRC / tax arrears
- Creditor pressure / legal action
- Sustained trading losses
- Cash flow / liquidity pressure

## From the administrators' statement

As mentioned above, detailed information in relation to the Company's background and history, the lead up to the Appointment Date and information in relation to the Company’s Sales Transactions of the Company is provided in the SIP 16 Report enclosed at Appendix 9.

In summary, the business has struggled to maintain profitability since 2014 due to a lack of local opportunities in and around Avonmouth, Swindon and Gloucester. Whilst there was an uptake in local sales, sales were insufficient in sustaining a profitable business.

In early 2017 the Company underwent internal operational restructures following the departure of key members of the management team. These issues were subsequently resolved during late 2017, unfortunately to the business’ detriment given the time that had lapsed throughout the year.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08480919/filing-history/MzIxODk4ODc3MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08480919

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