# Xpress Vehicle Solutions Limited (10519606)

> Why UK company 10519606 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10519606

- **Status:** Administration ended
- **Administration began:** 2022-03-24
- **Administrators:** Paul Ellison, David Ronald Taylor
- **Administrators' firm:** KRE Corporate Recovery
- **Formerly:** International Vehicle Solutions Limited
- **Incorporated:** 2016-12-09
- **Location:** Reading
- **Industry:** 45200 Maintenance and repair of motor vehicles

## Why it went into administration

- Parent or group failure

## From the administrators' statement

Following the identification of the problems detailed in Section 2, the Group was advised by their accountants to seek formal advice on the financial position of the Group and were introduced to KRE Corporate Recovery Limited (“KRE”) on 2 March 2022.

Following a number of meetings and a review of the Company and Group’s financial position and business, it was determined that the most appropriate strategy was to seek a buyer for the business and assets of the Group as a going concern through Administration.

KRE assisted the directors in drafting an information memorandum and populating a data room, with the intention to send this to various interested party databases and further explore the potential sale of the Group’s business and assets.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10519606/filing-history/MzMzOTUyOTE1NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10519606

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