RAW Motors Limited (10226199): administration
- Status
- Administration ended
- Administration began
- 2018-07-10
- Incorporated
- 2016-06-10
- Location
- London
- Industry
- 77110 Renting and leasing of cars and light motor vehicles
Why it went into administration
- Creditor pressure / legal action
- HMRC / tax arrears
From the administrators' statement
An initial meeting took place on 9 July 2018 with Stratford Hamilton and Mark Phillips both of PCR (London) LLP together with the Company’s previous advisers to determine the status of Company and its solvency. It was determined that the Company was insolvent and that the Company was under extreme creditor pressure from HMRC and various finance companies requiring immediate action.
Additional information was required from the Company and a further meeting was arranged for 10 July 2018 at the Company’s premises to obtain the same from key management.
On 10 July 2018, Mark Phitlips and Sonal Raikundalia both of PCR (London) LLP met with the Director and the Company’s management to evaluate the Company’s financial position. Upon their arrival, an enforcement agent was at the premises acting for two of the finance companies and two vehicles were subsequently uplifted, with another being collected from a garage.
Administrators' statement of proposals (2018-09-28) · Companies House register