UK Car Dealership Enters Liquidation, Creditors Face Significant Losses
A small independent second-hand car dealership based in Halesworth, Suffolk, has collapsed, leaving creditors facing substantial financial losses. Car Station Suffolk Ltd, which had been operating for less than two years and was only incorporated in June 2024, has gone bust, shutting down its branch while owing over £50,000.
Financial Details and Liquidation Process
According to official filings with Companies House, the business owes 17 creditors a combined total of £50,673.30. Critically, it is recorded as having no assets whatsoever, meaning there is nothing available to sell or liquidate in order to repay the debts. This situation makes it highly improbable that creditors will recover their money.
Paperwork filed earlier in the month names Richard Cacho of RCM Advisory Limited as the voluntary liquidator, with his appointment dated February 6. Shortly after this appointment, the company was served with a winding-up petition, and the process of permanently closing the business is now underway.
Customer Reviews Contrast Business Collapse
Despite the financial collapse, the dealership had received positive feedback from customers prior to its downfall. In a 5/5 review on Google, one user praised the experience, stating, "I had a fantastic experience at car station suffolk! Eddie is so friendly and helpful. There was no pressure at all. I could take my time and was offered lovely coffee and biscuits! Very happy with my car. Highly recommend."
Another customer highlighted excellent service, noting that when a car developed an unforeseen fault after purchase, the dealer stuck to the warranty and resolved the issue. A third review commended the team for exemplary customer service, detailing a purchase that included a full service, warranty, and timely delivery for a son's first car.
These glowing testimonials stand in stark contrast to the current financial reality, underscoring the unpredictable nature of small business operations in the competitive automotive sector.
