Scottish car dealer placed into compulsory liquidation by HMRC

Summarised from The Herald's report · Updated 15 Oct, 08:20 · Archive

A Scottish car sales company, Next Car Limited, has been placed into compulsory liquidation following court action by HMRC.

Next Car Limited, registered in Inverness and trading in the sale of used cars and light motor vehicles, has been placed into compulsory liquidation. The move followed a court action by HMRC, with the date of commencement of winding up set as 25 September. Companies House has confirmed the company's liquidation status.

The company's most recent accounts, filed in 2023, showed creditors amounts due within one year of almost £500,000. The Financial Conduct Authority revoked its permission to conduct credit business after it had failed to pay periodic fees and levies owed to the authority. A liquidator has been appointed and documents show the company address has been changed to an Edinburgh address associated with AAB Business & Tax Advisory.

Read the report

• Scottish car dealer placed into compulsory liquidation after HMRC court actionA Scottish city car sales company has been placed into liquidation.The Herald · 15 Oct, 04:40

In this story: Next Car Limited · HMRC · Inverness · Financial Conduct Authority · Inverness Sheriff Court

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