UK Car Dealership Enters Liquidation, Creditors Unlikely to Recover Funds
A small independent second-hand car dealership based in Halesworth, Suffolk, has collapsed, leaving creditors facing losses exceeding £50,000. Car Station Suffolk Ltd, which had been operating for less than two years and was only incorporated in June 2024, has entered voluntary liquidation.
Financial Details and Liquidation Process
According to filings with Companies House, the business owes 17 creditors a combined total of £50,673.30. The company is recorded as having no assets whatsoever, meaning there are no funds or property available to sell in order to repay the debts. This situation makes it highly improbable that creditors will recover any of the money owed to them.
Paperwork filed earlier this 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 failure, the dealership had received positive feedback from customers prior to its collapse. On Google reviews, 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 customer service, noting that when a car developed a fault after purchase, the dealer stuck to the warranty and resolved the issue. A third review commended the team for exemplary service, detailing a purchase that included a folder full of paperwork, two working keys, a six-month warranty, and even delivery on a trailer.
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.
