# Silk Road Tyres (UK) International Ltd (09116562)

> Why UK company 09116562 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09116562

- **Status:** Administration ended
- **Administration began:** 2019-03-13
- **Administrators:** Philip Lewis Armstrong, Geoffrey Paul Rowley
- **Administrators' firm:** FRP Advisory
- **Incorporated:** 2014-07-04
- **Location:** London
- **Industry:** 45310 Wholesale trade of motor vehicle parts and accessories

## Why it went into administration

- HMRC / tax arrears
- Creditor pressure / legal action

## From the administrators' statement

The Company was incorporated 4 July 2014 and traded as a wholesaler of (predominately car) budget tyres imported from China. The business was based out of two units 7-9 Forties, Tame Vailey Industrial Estate, Wilnecote, Tamworth, B77 5DG. Whilst the majority of their customers were garages and tyre fitting centres, they also wholesaled to other UK operators.

Although the Company held banking facilities with HSBC Bank PLC and Barclays Bank PLC, its main trading facility was provided by Siemens by way of an invoice finance facility. Their security is a debenture over the assets of the Company dated 27 July 2018 pursuant to an Invoice Finance Agreement of the same date.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09116562/filing-history/MzIzNTc0NjM2NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09116562

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