Picton Motor Accident Repairs Ltd (08500048): administration
- Status
- Administration ended
- Administration began
- 2014-04-07
- Administrators
- Mary Ann Currie-Smith, John Anthony Lowe
- Administrators' firm
- Begbies Traynor
- Formerly
- Paddock & Cross Accident Repairs Ltd; Picton & Picton Services Ltd
- Incorporated
- 2013-04-23
- Location
- Leicester
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Property / lease costs
- Competition / price pressure
From the administrators' statement
The Company commenced trading in July 2013 after acquiring the business and assets of Its predecessor company which went into administration It traded under the style Paddock & Cross Accident Repairs
The Company took over all employees and continued to trade from Winster Grove, Great Barr, providing the services of motor accident repairs to insurance, fleet, public and accident management companies
The Company was financed by Bibby Factors who provided an invoice discounting facility
Administrators' statement of proposals (2014-06-09) · Companies House register