A UK used car dealership has collapsed into liquidation just six years after its launch in May 2020. The Car Sales Factory Limited, based at Unit 4C, Park Road, Bury, Lancashire, held Financial Conduct Authority (FCA) authorisation, enabling it to act as a credit broker and offer vehicle finance packages to customers.
Liquidator Appointed
According to a notice on The Gazette, Christopher Purkiss of Moore Kingston Smith & Partners LLP was appointed liquidator on June 9, 2026. A winding-up order was made on June 11, 2026, with records published in The Gazette detailing the timeline.
The petition to wind up the company was first filed on April 10, 2026, followed by a creditors' meeting on April 16. Resolutions for winding up were published on May 12 before liquidators were formally appointed.
FCA Authorisation Revoked
The Car Sales Factory Limited secured FCA authorisation in September 2020, allowing it to carry out regulated finance and consumer credit activities. However, earlier this year, the firm's authorisation was revoked following enforcement action by the regulator.
The FCA stated that the company could "no longer provide regulated activities and products" and noted that there had been "disciplinary or regulatory action involving this firm." The regulator's website indicated that the company failed to submit required regulatory returns and also failed to pay regulatory levies.
A formal Notice of Decision to cancel the company's financial permissions was issued on March 17, 2026, with the cancellation taking effect on April 14, 2026.
