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York taxi company placed into administration

Administration

| November 28th 2016

More News by Dave Broadbent

York taxi company placed into administration

On 25th November 2016, Rob Sadler and Dave Broadbent of Begbies Traynor in York were appointed as joint administrators of Six Five Nine Cars Ltd.

The business, which has traded in York for over 15 years, has one of the largest fleets of private hire vehicles in the city.  Located on Layerthorpe, it is continuing to trade while a buyer is sought.  All 10 support staff have retained their jobs, along with the drivers all of whom are self-employed.

Joint administrator Rob Sadler said: “Unfortunately, the business has recently suffered from management issues and cash flow problems.  This led to a creditor asking the Court to put the company into administration.

“However, it is very much business as usual for customers, staff and drivers. We have already received enquiries from a number of interested parties and we are confident that we will be able to find a buyer for the business as a going concern, so delivering the best return possible for creditors.”


About the author

Dave Broadbent

Partner

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Dave began working in the insolvency sector in 1997 and in 2005 became one of the country’s youngest insolvency practitioners, taking formal appointments at David Horner & Co.
 
Having assisted David Horner with growing his own practice, which was acquired by Begbies Traynor in 2007, Dave created Broadbents Business Recovery Services (in 2010) with Andrew Peace. Following rapid expansion during the following five years, their business was purchased by Begbies Traynor in March 2015.
 
Dave specialises in small- to medium-sized owner-managed businesses, using the experience and skills obtained from a number of years within the sector, as well as those gained from running his own company. Whether it’s a PAYE employee, a self-employed trader or a director of a limited company, Dave takes pride in being able to find a number of solutions to a wide range of problems.
 
Using skills honed in his brief time as a schoolteacher, Dave has also run a number of seminars in Yorkshire and the North East for individual firms of accountants and solicitors and for larger groups of professionals at their well-attended spring/autumn events.

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