The Phoenix Car Company Limited (SC173815): administration
- Status
- Administration ended
- Administration began
- 2019-02-06
- Administrators' firm
- KPMG
- Incorporated
- 1997-03-25
- Location
- Glasgow
- Industry
- 45111 Sale of new cars and light motor vehicles
Why it went into administration
- Regulatory change or action
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Parent or group failure
- Competition / price pressure
From the administrators' statement
= The Phoenix Car Company Limited (the “Company”) was incorporated in March 1997 as a car dealership based at Linwood, near Glasgow.
m= The Company is part of a group of companies (the “Group”), which operated several vehicle dealerships across Scotland under the Phoenix brand. The Group sold new and used cars of various marques and also operated a bodyshop centre from its leasehold premises at Linwood.
m The Group’s peak trading occurred in 2011, when it generated sales in excess of £149 million, from which a profit before tax of c£61,000 was achieved.
Administrators' statement of proposals (2019-04-01) · Companies House register