Prestige used car dealership plunges into | Tech News
A used car dealership specialising within the sale of status autos and supercars has plunged into liquidation in one other blow to the UK motoring industry. Automotive Direct Limited, primarily based on the North Circular Road in London, appointed liquidators on June 30.
Confirmation of the information was revealed within the London Gazette final week within the early hours of July 1. Nicholas Stratten and Michelle Breslin of Greenfield Recovery Limited have been appointed the company’s liquidators. At this early stage, it’s not identified what impression the information may have on potential job cuts.
The discover adopted the publication of a “Resolutions for Winding-Up Order” which states that the business was “wound up voluntarily”. Liquidators normally oversee the closing of a company, taking control of the business, promoting off its belongings and distributing any funds to collectors.
The company’s social media web page reveals the business specialised in promoting solely the very best high quality stock, with some of the fanciest automobiles on the roads of their assortment. The business has stocked the whole lot from Bentley Continental GT fashions to Lamborghini Gallardo’s and Mercedes SL400 AMG’s.
According to Companies House, the business was integrated in April 2017, that means it has been in operation for simply over 9 years. Companies House states the business remains to be “active”, however stresses that there’s an “active proposal to strike off”.
However, Automotive Direct Limited isn’t the one second-hand vendor which has fallen into problem to this point this yr.
The Car Sales Factory Limited, a used car dealership primarily based in Lancashire, crashed into liquidation after being in business for simply six years.
Automotive Direct Limited has been contacted by Express.co.uk for remark.
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