OEM Group (Scotland) Limited (SC419539): administration
- Status
- Administration ended
- Administration began
- 2024-05-31
- Administrators
- Donald Iain Mcnaught, Richard Gordon Bathgate
- Administrators' firm
- BDO
- Formerly
- OEM Diesel Products Ltd
- Incorporated
- 2012-03-15
- Location
- Aberdeen
- Industry
- 46690 Wholesale of other machinery and equipment
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
The Company's sole director, Barry Park, contacted Richard Bathgate of Johnston Carmichael LLP on 16 May 2024 and advised that the Company had significant arrears of VAT due to HMRC. He had been in discussions with HMRC for some time, and was working to send information to HMRC that they had requested to support how the arrears would be cleared, and the timescales for doing so.
On Friday 17 May 2024, the Company’s sole director received confirmation that HMRC were not willing to provide further time to make repayments and would be proceeding with legal action to wind up the Company.
The Company's director was strongly of the view that proceeding with a winding up of the Company would result in a significantly poorer outcome for the Company's creditors than if the Company was first placed in Administration and limited trading continued whilst a going concern sale was sought.
Administrators' statement of proposals (2024-07-29) · Companies House register