Elite Fleetcare Limited (12942626): administration
- Status
- In administration
- Administration began
- 2024-10-11
- Administrators
- Edward Avery-Gee, Nick Brierley
- Administrators' firm
- CG&Co
- Incorporated
- 2020-10-12
- Location
- Manchester
- Industry
- 45200 Maintenance and repair of motor vehicles
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Cash flow / liquidity pressure
- Property / lease costs
- Competition / price pressure
From the administrators' statement
The Company was incorporated in October 2020 by Darren Griffiths (“the Director"). Mr Griffiths is also the sole shareholder of the Company, owning 100% of the issued shares.
The Company provided repair and maintenance services to fleet operators and drivers and the majority of the Company's customers were across East Anglia and Essex.
Trading for the Company was initially successful, with profits of £24,269 for y/e October 2021 and £109,570 for y/e October 2022. During 2022 the Company noticed that payments from its largest customer began to be made late. This was extremely problematic for the Company and caused significant cash flow problems which resulted in the Company making use of several short-term financial loans with less than competitive rates.
Administrators' statement of proposals (2024-10-23) · Companies House register