Car Station Suffolk Ltd, an independent used-car dealership linked to Halesworth, entered creditors’ voluntary liquidation with reported debts of £50,673.30 owed to 17 creditors.
The company was incorporated on 2 June 2024 and the winding-up process began on 29 January 2026, meaning the business entered liquidation approximately 20 months after it was formed. Reports based on its statement of affairs say the dealership recorded no assets available for realisation and that most of the affected parties were trade creditors.
The available filings confirm the insolvency process and financial position reported at the time, but they do not provide a complete explanation for the commercial causes of the collapse. There is no verified evidence in the reviewed public record attributing the failure to misconduct, a single transaction or one specific market pressure.
Key Highlights:
- Car Station Suffolk Ltd entered creditors’ voluntary liquidation on 29 January 2026.
- The company reportedly owed £50,673.30 across 17 creditor claims.
- Its statement of affairs was filed on 6 February 2026.
- The business reportedly recorded no assets available for creditors.
- Most of the listed claims were described as trade debts.
- The dealership entered liquidation before its first annual accounts were due.
- Richard Cacho was appointed as the liquidator on 29 January 2026.
The company remained officially classified as being in liquidation when its record was checked on 16 July 2026.
Why Did the Suffolk Car Dealership Go Bust With Debts of £50,673?
Car Station Suffolk went bust because the company could no longer continue as a solvent trading business and its shareholders resolved to place it into creditors’ voluntary liquidation. The available records establish the insolvency process, although they do not identify one definitive operational cause for the financial failure.
What Is Confirmed?
- The dealership entered a formal creditors’ voluntary liquidation.
- Its reported liabilities totalled £50,673.30.
- Seventeen creditors were listed in the reported statement of affairs.
- The company reportedly declared no assets available for realisation.
- Most creditor claims were connected to trade debts.
A creditors’ voluntary liquidation is a formal procedure used when a company cannot pay its debts and its members decide that it should be wound up with creditor involvement. It does not, by itself, prove fraud, wrongful conduct or personal liability on the part of a director.
The filings also do not reveal whether falling sales, weak margins, finance costs, unpaid customer balances or other pressures were chiefly responsible. Any more detailed conclusion would require financial records or findings from the appointed liquidator.
What Was Car Station Suffolk Ltd and How Long Had It Been Trading?
Car Station Suffolk Ltd was a private limited company registered to sell used cars and light motor vehicles. It was incorporated on 2 June 2024 and was associated with premises on Halesworth Road in Halesworth, Suffolk.
The company entered liquidation on 29 January 2026, giving it a corporate lifespan of approximately one year and eight months before the winding-up process began. That is a comparatively short trading period and means relatively little long-term financial information is available through annual accounts.
The official company status record identifies the company as a used-car retailer, gives company number 15755347 and records its status as liquidation. It also shows that the registered office was later changed from the Halesworth address to 64–66 Westwick Street, Norwich.
Reports indicate that the business marketed second-hand vehicles from its Suffolk site and online. However, the company’s former trading activity should be distinguished from its current legal status.
How Was the Dealership’s £50,673 Debt Divided Among Its Creditors?
The reported statement of affairs listed £50,673.30 owed to 17 creditors. Most claims were described as trade-related, although the accessible summary does not provide enough information to establish the final value or ranking of every verified claim.
What Did the Statement of Affairs Reportedly Disclose?
The statement of affairs was filed on 6 February 2026, eight days after the winding-up commencement date recorded in the insolvency case.
Debt Snapshot:
| Reported Measure | Amount or Position |
| Total creditor claims | £50,673.30 |
| Number of creditors | 17 |
| Simple average per creditor | £2,980.78 |
| Reported assets | £0 |
| Main reported creditor type | Trade creditors |
The average of £2,980.78 is a simple calculation based on the reported total divided by 17. It does not mean that each creditor is owed the same amount, as individual claims may vary substantially.
The public filing history record confirms that a statement of affairs and voluntary-liquidator appointment documents were lodged on 6 February 2026.
Trade Creditors Formed the Reported Majority
A trade creditor is generally a supplier or service provider that has supplied goods or services without receiving full payment. For a used-car dealership, possible trade relationships may include vehicle suppliers, repair businesses, transport providers, advertisers, professional advisers and premises-related contractors.
The public summaries do not confirm that every creditor falls into one of those categories. The liquidator must review supporting invoices, contracts and payment records before accepting claims for any potential distribution.
Why Did the Company Report No Assets for Creditors?
The statement of affairs reportedly recorded no assets available for realisation. In liquidation, realisable assets can include cash, vehicles owned by the company, equipment, money owed to the business and other property that legally belongs to the company.
A dealership may display or advertise vehicles without owning every vehicle outright. Other Stock may be financed, supplied under third-party arrangements, already sold or legally owned by another party. The reported zero-assets position therefore does not establish what happened to any particular vehicle or whether assets had previously existed.
It does indicate that, based on the company’s reported position at the start of the liquidation process, no asset value was expected to be readily available for creditors. This makes a meaningful return to unsecured creditors less likely, but it does not justify stating that repayment is impossible.
The liquidator may still examine bank records, transactions, ownership documents, receivables and other information to determine whether anything can be recovered. Until that work is completed, the eventual dividend position remains uncertain.
When Did Car Station Suffolk Enter Liquidation?
The official insolvency case records 29 January 2026 as both the commencement of winding-up and the liquidator’s appointment date. The appointment document was filed later, on 6 February 2026, which appears to have caused confusion in some reports.
Liquidation Timeline
| Date | Recorded Development |
| 2 June 2024 | Car Station Suffolk Ltd was incorporated. |
| 1 March 2025 | Eddy Lee Ellis was appointed as a director. |
| 21 May 2025 | Jacob Ladd ceased to be a director. |
| 1 June 2025 | Jacob Ladd ceased to be a person with significant control. |
| 29 January 2026 | The company resolved to wind up and entered creditors’ voluntary liquidation. |
| 6 February 2026 | The statement of affairs and liquidator appointment documents were filed. |
| 9 February 2026 | The winding-up resolution was added to the public filing history. |
| 16 February 2026 | The registered office was changed to an address in Norwich. |
The resolution entry uses the official description “Extraordinary resolution to wind up” and dates the resolution to 29 January 2026. The public filing history record supports this chronology.
The correct distinction is therefore between the date of the appointment and the later date on which the related paperwork became visible on the public register.
Who Controlled Car Station Suffolk Before the Liquidation?
Jacob Ladd was appointed as a director when the company was incorporated on 2 June 2024. He resigned as a director on 21 May 2025 and ceased to be recorded as a person with significant control on 1 June 2025.
While recorded as the person with significant control, he was listed as holding at least 75% of the shares and voting rights, together with the right to appoint or remove directors. His control status was formally recorded as having ceased several months before the liquidation began.
Eddy Lee Ellis was appointed as a director on 1 March 2025 and remained recorded as an active director when the company entered liquidation.
These records establish corporate roles and dates, not personal fault. A limited company is legally distinct from its directors and shareholders, and company debts do not automatically become their personal liabilities. Any exception would depend on specific evidence and applicable insolvency or company law.
What Does the Liquidation Mean for Creditors, Customers and Suppliers?
The liquidation places the company’s affairs under the control of the appointed insolvency practitioner. Creditors must establish what they are owed, while customers with deposits, unresolved purchases or warranty issues may need to consider contractual and payment-related remedies.
What Could Trade Creditors Recover?
The amount available to unsecured trade creditors depends on whether the liquidator identifies recoverable assets after costs and higher-ranking claims are addressed. A reported zero-assets position suggests that any distribution could be limited, but the final outcome cannot be confirmed at this stage.
The insolvency practitioner named in the official insolvency case details is Richard Cacho, appointed on 29 January 2026.
Creditors should submit invoices, contracts, statements and other evidence requested by the liquidator. Acceptance of a proof of debt does not necessarily mean that funds will be available for payment.
Customer Deposits, Warranties and Outstanding Purchases
Customers who paid a deposit or were awaiting a vehicle should preserve their purchase agreement, invoice, payment evidence and correspondence. Their available options may depend on whether payment was made by credit card, debit card, finance agreement, bank transfer or cash.
Certain credit-card purchases costing more than £100 and no more than £30,000 may qualify for protection under section 75 of the Consumer Credit Act 1974, depending on the transaction. Chargeback may also be available for some card payments, but it operates under card-scheme rules and can be subject to time limits.
The Wider Impact on Local Suppliers
The insolvency may affect small suppliers whose invoices remain unpaid. Even a relatively modest claim can create cash-flow pressure for a business with limited reserves.
Practical Steps for Affected Parties
- Creditors should retain invoices, contracts and delivery evidence.
- Suppliers should respond promptly to communications from the liquidator.
- Customers should record what was ordered, paid and received.
- Card-paying customers should contact their provider without unnecessary delay.
- Finance customers should check the terms of their specific agreement.
- Affected parties should avoid relying solely on social-media claims.
The appropriate route will depend on each creditor’s legal status, payment method and supporting evidence, so no single recovery option applies to everyone.
Why Had the Dealership Not Filed Its First Annual Accounts?
Car Station Suffolk entered liquidation before the deadline for filing its first annual accounts. The accounts were intended to cover the period ending 30 June 2025 and were due by 2 March 2026, approximately one month after the winding-up process began.
The absence of published annual accounts means there is no publicly filed profit-and-loss account or balance sheet showing the dealership’s sales, margins, operating costs or cash-flow development during its first trading period.
As a result, the statement of affairs provides the clearest available public snapshot of the company’s reported financial position at the start of liquidation. It should not be treated as equivalent to a set of independently audited annual accounts.
The overdue-accounts notice is a consequence of the filing deadline passing without accounts being added to the register. It should not be presented as the reason the dealership failed because the available chronology establishes timing, not causation.
What Happens Next in the Car Station Suffolk Liquidation?
The liquidator is responsible for winding up the company’s affairs, reviewing claims and determining whether any property or funds can be recovered. The process may continue until the required investigations, reporting and administrative work have been completed.
Expected Next Steps
- The liquidator will review the company’s books and financial records.
- Creditor claims may be requested, assessed and admitted or rejected.
- Transactions and asset ownership may be examined.
- Creditors may receive formal progress reports or notices.
- Any recoverable money will be distributed under the statutory priority rules.
- The company may eventually be dissolved after the liquidation concludes.
The official insolvency case details continued to show one creditors’ voluntary liquidation case when checked on 16 July 2026. No final dividend or creditor-recovery figure was shown in the reviewed record.
The case should therefore be described as ongoing rather than complete, unless a subsequent filing or liquidator report establishes a later outcome.
Frequently Asked Questions
Is Car Station Suffolk Ltd Still Trading?
The company is officially recorded as being in liquidation. That legal status should not be confused with any separate business that might later operate from the same premises or use a similar trading description.
Where Was Car Station Suffolk Ltd Based?
The company was associated with an address on Halesworth Road in Halesworth, Suffolk. Its registered office was changed to 64–66 Westwick Street, Norwich, on 16 February 2026.
Who Is the Liquidator of Car Station Suffolk Ltd?
Richard Cacho is named as the appointed insolvency practitioner. The official case record gives 29 January 2026 as the appointment date.
Can Creditors Pursue the Company’s Directors Personally?
Company debts do not normally become a director’s personal debts automatically. Personal liability may arise only in particular circumstances, which would require evidence and case-specific legal assessment.
What Should a Supplier Do if It Is Owed Money?
A supplier should retain supporting documents and contact the liquidator about submitting a claim. Providing a claim does not guarantee payment because any return depends on the assets and funds available.
Are Customers Protected When a Dealership Enters Liquidation?
Protection depends on the contract, payment method and circumstances. Credit-card protection, chargeback or finance-provider remedies may be relevant in some cases, but eligibility should not be assumed.
Could the Dealership Reopen Under Another Owner?
The liquidation applies to Car Station Suffolk Ltd as a specific legal entity. A separately incorporated business could potentially operate from the same location or acquire assets, but it would need to be assessed independently.
Note:
The phrase “goes bust” is used in the headline for search clarity, while “creditors’ voluntary liquidation” is the more precise term used in the report. The reported £50,673.30 liability and zero-assets position come from the filed statement of affairs as described in the reviewed coverage, and the final creditor outcome may change as claims are verified.
No public explanatory statement from the company, its director or the liquidator was identified in the records checked, so no spokesperson quotation has been invented. References elsewhere to a winding-up petition have not been treated as confirmed because the official record reviewed establishes a voluntary liquidation but did not provide accessible supporting petition details.
