Global Motors Limited (12851319): administration
- Status
- In administration
- Administration began
- 2026-05-20
- Administrators
- Andrew Andronikou, Jack Caten
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2020-09-01
- Location
- London
- Industry
- 45111 Sale of new cars and light motor vehicles
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Management failings / irregularities
From the administrators' statement
The Companies were incorporated between 2019 and 2022 (see Appendix 1 for full details) and, along with certain other entities which are now dormant (and which have not entered into formal insolvency procedures), operated a motor vehicle sourcing and sales business, shipping vehicles to an associated group of companies in the Republic of Cyprus (“the Cyprus Group’). Initial funding to commence operations was provided by a company within the Cyprus Group.
The principal operating companies for the purposes of these proposals were Auto Sales, Global, CK Capital and Conat, while Group and Holdings acted as holding companies. A summarised structure of the Group, including entities over which we are not appointed, is shown at Appendix 6. Note that the Group did not have dedicated operations or administrative office premises.
The Cyprus Group provided details of required vehicles to the Group who then sourced the vehicles in the UK and shipped them from the port at Southampton, creating a Cyprus Group debtor in the Group accounts. The Cyprus Group then sold these as part of their trading activities in that jurisdiction and settled the intra-group position. Auto Sales was the only employer and had one employee based in Southampton.
Administrators' statement of proposals (2026-07-23) · Companies House register