Vmoto UK Distribution Limited (09524709): administration
- Status
- Administration ended
- Administration began
- 2023-03-02
- Administrators
- Sarah Louise Burge
- Administrators' firm
- RSM
- Incorporated
- 2015-04-02
- Location
- Hull
- Industry
- 45400 Sale, maintenance and repair of motorcycles and related parts and accessories
Why it went into administration
- HMRC / tax arrears
- Parent or group failure
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the directors of the Company and not from my personal knowledge as Administrator.
The Company was formed in 2015 by a former director to sell electric bikes into a UK dealership network. Andrew Fenwick joined the Company in 2016. In 2019 the Company entered into an exclusive agreement with a Chinese manufacturer to distribute products in the UK.
A significant proportion of the Company's sales were made to an associated business which used bikes for short term rentals/leases to owner riders. In 2020 business moved to a business to business model aimed at the “last mile delivery market”.
Administrators' statement of proposals (2023-03-21) · Companies House register