Roberts Automotive Ltd (09575374): administration
- Status
- In administration
- Administration began
- 2024-12-02
- Administrators
- Kirsty Swan, Conrad Alan Beighton
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2015-05-05
- Location
- Walsall
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Management failings / irregularities
From the administrators' statement
The Company was incorporated on 5 May 2015, and provides delivery, collection and inspection of new and used motor vehicles to numerous private and corporate clients. It trades as “WeDeliverCars” and has 25 employees.
The Company enjoyed a good reputation with its client base and has grown significantly since its incorporation. However, in 2023, a fraud was discovered which impacted upon the Company’s cashflow. Accordingly, in late 2023, Anna Roberts was appointed as a director of the Company in an attempt to control costs and increase profit margins.
The Company has taken out several loans to alleviate the cash flow problem, but the level of loan repayments was challenging. In addition, monies were introduced by Anna Roberts and Andrew Roberts.
Administrators' statement of proposals (2024-12-31) · Companies House register