# Picton Motor Accident Repairs Ltd (08500048)

> Why UK company 08500048 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08500048

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08500048/filing-history/MzEwMTU4OTgzOGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08500048

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