UK car dealership crashes into liquidation – in | Tech News
A UK car dealership has crashed into liquidation after being in business for simply six years (Image: Google Maps)
A UK car dealership has crashed into liquidation after being in business for simply six years. The Car Sales Factory Limited was a used car dealership primarily based at Unit 4C, Park Road, Bury, Lancashire. The company specialised in the sale of used vehicles and light-weight motor automobiles.
It additionally held Financial Conduct Authority (FCA) authorisation, permitting it to behave as a credit broker and offer vehicle finance packages to clients. However, an official discover revealed in The Gazette now says that the firm has entered liquidation. The discover provides that Christopher Purkiss of Moore Kingston Smith & Partners LLP was appointed liquidator on June 9, 2026.
The Car Sales Factory Limited was a used car dealership primarily based in Bury (Image: Google Maps)
The company, which beforehand traded as CSF Motors Ltd, was integrated in May 2020.
A winding-up order was made on June 11, 2026, in response to information revealed in The Gazette.
The discover timeline exhibits that a petition to wind up the company was first filed on April 10, 2026. This was adopted by a collectors’ assembly on April 16.
Resolutions for winding up had been then revealed on May 12 earlier than liquidators had been appointed.
The business was initially launched by director Ghazanfar Ali Khan. It started trading as CSF Motors Ltd earlier than altering its identify to The Car Sales Factory Limited later in 2020.
The firm secured FCA authorisation in September 2020, permitting it to hold out regulated finance and client credit actions.
For a number of years, it operated as a native used car dealership in Bury, promoting automobiles and arranging finance for patrons.
However, the company ran into difficulties earlier this yr. According to info revealed by the FCA, the firm’s authorisation was revoked following enforcement motion.
The regulator stated the company might “no longer provide regulated activities and products”. The FCA additionally added that there was “disciplinary or regulatory action involving this firm”.
The FCA web site says that the company did not submit required regulatory returns and likewise did not pay regulatory levies. On high of that, the FCA stated the firm didn’t reply to official warning notices.
The company specialised in the sale of used vehicles and light-weight motor automobiles (Image: Getty)
As a end result, a formal Notice of Decision to cancel the company’s financial permissions was issued on March 17, 2026. The cancellation took impact on April 14, 2026.
The loss of its FCA permissions meant the company might no longer perform regulated finance actions.
Shortly afterwards, insolvency proceedings started. A obligatory winding-up petition was introduced towards the company in the Insolvency and Companies Court in London. The company was subsequently positioned into liquidation.
The Express has reached out to The Car Sales Factory Limited for remark.
Stay forward of the curve with the most recent developments in the automotive world! Our web site is your final vacation spot for car information, delivering complete updates, in-depth market evaluation, and knowledgeable insights into the fast-evolving automotive industry. We carry you each day protection on every little thing from breakthrough vehicle applied sciences and industry trends to main bulletins which can be driving the longer term of transportation.
Discover how these trends are remodeling the street forward! Visit us commonly for participating and informative content material by clicking right here. Our meticulously curated articles cowl market trends, investment methods, and key milestones in right this moment’s quickly evolving car panorama.
