AFF Vehicle Services Limited (09343062): administration
- Status
- Administration ended
- Administration began
- 2016-08-25
- Administrators' firm
- CG&Co
- Incorporated
- 2014-12-05
- Location
- Manchester
- Industry
- 45200 Maintenance and repair of motor vehicles
From the administrators' statement
The Company operated as a retriever, handler and selling agent of damaged/ written off vehicles The Company purchased scrap vehicles (typically for £100 each) and stripped out parts for resale These parts consist of body panels, mechanical parts, upholstery and others The fact that individual parts will only be bought by a 3rd party as and when they have a requirement for the specific part in question, therefore over a period of time some of the parts may realise a reasonable sum of money, but this would require long term storage, small sales over a lengthy pertod and the costs of storing the same and keeping It sorted In order to affect a sale, they would be considered to be effectively scrap and the physical cost of handling the same could well negate or exceed any potential realisation
The Company had two employees in addition to its directors and operated from premises at 28 Pindar Road, Hoddesdon, EN11 0BZ It has transpired that the Company did not have a tenancy agreement to operate from the premises The Company had a verbal agreement from Its parent company to trade from the premises
The Company's main source of revenue was via an insurance company within the same group which instructed the Company to uplift accident damaged cars some of which were only fit for scrap, whilst others may be written off but are still repairable The insurance company would
Administrators' statement of proposals (2016-10-28) · Companies House register