# CHL 1 Realisations Limited (12450682)

> Why UK company 12450682 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/12450682

- **Status:** In administration
- **Administration began:** 2024-05-21
- **Administrators:** David Philip Soden, Matthew Mawhinney
- **Administrators' firm:** Teneo
- **Formerly:** Cazoo Holdings Limited; C Newco Ltd
- **Incorporated:** 2020-02-07
- **Location:** Birmingham
- **Industry:** 64209 Activities of other holding companies n.e.c.

## Why it went into administration

- Over-expansion / investment not recovered
- Weak consumer demand
- Rising costs / inflation
- Supply chain disruption
- Property / lease costs
- Rising interest rates
- Competition / price pressure

## From the administrators' statement

The Companies form part of a larger group of entities (“the Group”) and were founded in 2018 as an online second-hand car retailer with a mission to transform the car buying and selling experience.

The Group experienced a surge in popularity and growth during the covid pandemic when restrictions forced car buyers to browse and make their purchases online.

The Group expanded operations into Europe with its technology platform available in France, Germany, Spain and Portugal. At its peak, the Group employed over 4,500 staff.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/12450682/filing-history/MzQyODI5ODUwN2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/12450682

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