# M & M Tyres Ltd (10050326)

> Why UK company 10050326 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10050326

- **Status:** Administration ended
- **Administration began:** 2021-03-18
- **Administrators:** Andrew Howard Beckingham, Siann Huntley
- **Administrators' firm:** Leonard Curtis
- **Incorporated:** 2016-03-08
- **Location:** Cardiff
- **Industry:** 45320 Retail trade of motor vehicle parts and accessories

## Why it went into administration

- COVID-19
- Cash flow / liquidity pressure

## From the administrators' statement

The Company was incorporated on 8 March 2016 to take on the sole trader business of Andrew Nolan which had been trading as M & M Tyres since April 2007 as a retail seller and fitter of light commercial and car tyres.

It is understood that an initial investment into the Company was taken from the sole tradership which was taxed on the director's personal tax return and was therefore classified as a director's loan upon start up. The Company also secured overdraft and commercial credit card facilities with Barclays Bank plc shortly following incorporation.

The Company operated from leasehold premises in Caerphilly and employed some 7 members of staff.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10050326/filing-history/MzI5ODYzMjQ1OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10050326

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