# The Car Sales Company (UK) Limited (09379766)

> Why UK company 09379766 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09379766

- **Status:** Administration ended
- **Administration began:** 2019-07-19
- **Administrators:** Simon Jagger, Mark Supperstone
- **Administrators' firm:** ReSolve
- **Formerly:** The Car Loan Centre Ltd; Trade Point Car Auctions Ltd
- **Incorporated:** 2015-01-08
- **Location:** London
- **Industry:** 45112 Sale of used cars and light motor vehicles

## Why it went into administration

- Property / lease costs
- Cash flow / liquidity pressure

## From the administrators' statement

The Company was incorporated in January 2015 by its current director, Mr David Fryatt to operate as a longterm car rental service. The Company traded from leased premises in Brightlingsea, Essex. The Company offered consumers the opportunity to rent or buy used cars. At the time of our appointment, the Company was the registered owner of approximately 100 cars. The Company’s vehicles are subject to finance agreements with various lenders.

The Company's records indicate operations were funded by various lenders including Conister, CFA and Credo.

The director has further advised the Company aiso relied upon unsecured loans provided by him and a former employee. We have not been provided any evidence to support the director's claim. The has been no other claims from any of the former employees.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09379766/filing-history/MzI0NDYyOTc5OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09379766

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