Oakleigh Cars Ltd (10688399): administration and why it failed

Oakleigh Cars Ltd (10688399): administration

Status: Administration ended
Administration began: 2021-01-28
Administrators: Simon James Bonney, Nicholas Simmonds
Administrators' firm: Quantuma
Formerly: ECO Associates Worldwide Holdings Limited
Incorporated: 2017-03-24
Location: London
Industry: 45111 Sale of new cars and light motor vehicles

Why it went into administration

COVID-19
Property / lease costs
Over-expansion / investment not recovered
Sustained trading losses
Regulatory change or action

From the administrators' statement

2.1

2.2

2.3

Administrators' statement of proposals (2021-03-25) · Companies House register

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Oakleigh Cars Ltd (10688399): administration

Why it went into administration

From the administrators' statement

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Oakleigh Cars Ltd (10688399)