UK Auctions PLC (08820278): administration
- Status
- Administration ended
- Administration began
- 2015-02-11
- Administrators
- Gary E Blackburn, Paul Andrew Whitwam
- Administrators' firm
- BWC Business Solutions
- Formerly
- Vehicle Locators PLC
- Incorporated
- 2013-12-19
- Location
- Leeds
- Industry
- 45112 Sale of used cars and light motor vehicles
From the administrators' statement
Simon Heginbotham and Brian Mark Loxley are the directors of the Company (‘the Directors”) The following mformation has been provided by, and 1s the sole responsibility of, the Directors
• The Company was incorporated on 19 December 2013, to service the needs of motor dealers primarily in the South Yorkshire region as a car auction site After an extensive refurbishment of the leasehold property the Company commenced trading in May 2014
• The Directors quickly estabhshed that the site requred the “throughput” of approximately 120 cars per week, at a net “return per car” of £100, m order to break even During the course of the refurbishment, all local and indeed potential customers from further afield were contacted and kept informed with regard to the opening of the site Prior to the opening date, an open day was also held which was well attended
Administrators' statement of proposals (2015-04-14) · Companies House register