Provisional liquidator appointed to 1st Choice Engines Ltd
A Slough based company who reconditioned and repaired vehicle engines, was placed into provisional liquidation on 16 December 2014, following an investigation by the Insolvency Service.
1st Choice Engines Ltd, the latest in a long line of companies offering engine reconditioning and repair services to the public dating back to 1982. It had been subject to a significant volume of complaints in its 13 month trading history, a number of those complaints featuring allegations of threats and intimidation to its customers. The company operated out of trading premises at Unit 5, Perth Industrial Estate, Slough, SL1 4XX, a large warehouse sized building, where customer vehicles were kept whilst under repair.
The role of the provisional liquidator is to protect assets in the possession or under the control of the company pending the determination of the petition. The provisional liquidator also has the power to investigate the affairs of the company insofar as it is necessary to protect assets including any third party or trust money or assets in the possession of or under the control of the company.
The case is now subject to High Court action and no further information will be made available until the petition to wind up the company is heard in the High Court on 19 January 2015.
Notes to editors
The registered office of 1st Choice Engines Ltd is at 2nd Floor, 43 Bloomfield Road, Chelmsford, Essex, CM1 1SY, an accommodation address. The registration number of the company is 8645591.
The petition to wind up the company was presented under s124A of the Insolvency Act 1986. The Official Receiver was appointed as provisional liquidator of the company on 16 December 2014 by Mr R Englehart QC ssitting as a Deputy Judge of the Chancery Division of the High Court. . Company Investigations, part of the Insolvency Service, uses powers under the Companies Act 1985 to conduct confidential fact-finding investigations into the activities of live limited companies in the UK on behalf of the Secretary of State for Business, Innovation & Skills (BIS). Further information about live company investigations is available.
The Insolvency Service administers the insolvency regime, investigating all compulsory liquidations and individual insolvencies (bankruptcies) through the Official Receiver to establish why they became insolvent. It may also use powers under the Companies Act 1985 to conduct confidential fact-finding investigations into the activities of live limited companies in the UK. In addition, the agency authorises and regulates the insolvency profession, deals with disqualification of directors in corporate failures, assesses and pays statutory entitlement to redundancy payments when an employer cannot or will not pay employees, provides banking and investment services for bankruptcy and liquidation estate funds and advises ministers and other government departments on insolvency law and practice.
Further information about the work of the Insolvency Service, and how to complain about financial misconduct is available.
All public enquiries concerning the affairs of the company should be made to: The Official Receiver, Public Interest Unit (London), The Insolvency Service, 2nd Floor, 4 Abbey Orchard Street, London WC1B 3SS. Tel: 020 7637 6412 Email: firstname.lastname@example.org.
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Published: 30 December 2014
From: The Insolvency Service