Saltire Motorcycles Ltd (12682894): administration
- Status
- Administration ended
- Administration began
- 2024-09-05
- Administrators
- Donald Iain Mcnaught, Graeme Norman Bain
- Administrators' firm
- Invocas Business Recovery and Insolvency
- Formerly
- JCD Motorcycles Limited
- Incorporated
- 2020-06-19
- Location
- London
- Industry
- 45400 Sale, maintenance and repair of motorcycles and related parts and accessories
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
3.1 By June of 2023, it was clear that action was required as the Company had become reliant on financial support from a director. There was also increased creditor pressure on the Company as City of Edinburgh Council had obtained and extended an attachment order over the Company’s assets. Additionally, arrears were building with the landlord and HMRC.
3.2 The Company then set in place a plan to downsize its activities, with a view to focusing on the most profitable elements of the business. This included
The Joint Administrators’ Statement of Proposals
Administrators' statement of proposals (2024-11-07) · Companies House register