RMB Commercials Ltd (12486863): administration
- Status
- Administration ended
- Administration began
- 2024-05-21
- Administrators
- Robert Neil Dymond, Craig Povey
- Administrators' firm
- Begbies Traynor
- Formerly
- M B Commercial Vehicle Repairs Ltd
- Incorporated
- 2020-02-27
- Location
- Northampton
- Industry
- 45200 Maintenance and repair of motor vehicles
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company was incorporated on 27 February 2020 with Nathan David Bell (“NDB”) appointed as the sole director. The Company purchased the business and assets of MB Commercial Limited (“MBC”) out of an administration process, which completed on 17 March 2020 for the sum of £45,000. NDB was a director and shareholder of MBC.
The Company provided repair and maintenance services for truck fleets and traded from a leased premises situated at 28 Stone Street, Oldbury, B69 4JL.
The first year’s accounts to 28 February 2021 showed a loss of £10,075, which was as a result of considerable investment in equipment needed within the first year which had been heavily capitalised.
Administrators' statement of proposals (2024-07-08) · Companies House register