Car company plunges into administration – in | Tech News
Another UK car company has plunged into administration in a main blow for the industry this summer time. Car.co.uk, an online vehicle scrapping service, had directors appointed as of July 14, with a assertion printed in the London Gazette on July 20.
The business, primarily based on Liverpool Road, Longton, Preston, has not confirmed whether or not there can be any job cuts at this early stage. Mark Colman and Megan Singleton of Leonard Curtis have been appointed as directors. According to Companies House, the business was first integrated in April 2024, that means it has solely simply celebrated its second anniversary.
Car.co.uk is an online platform which has specialised in shopping for, scrapping, and recycling scrap vehicles. Vehicle homeowners can get an immediate scrap valuation online in minutes, promising to offer clients the “best possible price”.
They stress valuations are “backed by live market data and an owned network of scrap depots and trade buyers”.
Online costs are assured, with homeowners set to benefit from “same-day or next-day collection across the UK with instant payment”.
Car.co.uk says they’ll buy a car, no matter what the situation, making certain motorists have a hassle-free solution to get rid of scrap automobiles.
Car.co.uk beforehand defined: “Right now, an unwanted car sitting on your drive is a depreciating asset. And with running costs, insurance and the general cost of living where they are, the best time to turn it into cash is sooner rather than later. Car.co.uk makes that process as frictionless as it gets.”
Once a car has been picked up, the company will concern a Certificate of Destruction, which is a legal proof that a car has been responsibly processed at a licensed Authorised Treatment Facility.
Meanwhile, homeowners of a 2003 Ford Fiesta Zetec are more likely to obtain £215, with these holding the keys to a 2005 Volkswagen Golf GT set to be paid out £260.
The Express has contacted Car.co.uk for remark.
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