Elite Auto Centres (Derby) Limited (09545526): administration
- Status
- Administration ended
- Administration began
- 2019-08-20
- Administrators
- Dean Anthony Nelson, Nicholas Charles Osborn Lee
- Administrators' firm
- Smith Cooper
- Incorporated
- 2015-04-16
- Location
- Derby
- Industry
- 96090 Other service activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
3.1
In July 2019 the Company contacted Smith Cooper, due to cash flow pressures as a result of reduced trading income and significant liabilities accruing to HM Revenue and Customs and Derby City Council.
The Company requested assistance from Smith Cooper in conducting an Accelerated Sales Process for the Company's garage business and assets as a going concern.
Administrators' statement of proposals (2019-09-07) · Companies House register