Motor Store Ltd

Reference number: 694897

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Authorised, but in an insolvency process

This firm is under the control of insolvency practitioners and may have stopped taking on new business. If you are or were a customer, deal with the appointed office holders rather than the firm.

What the FCA says

ATTENTION - Firm in an insolvency process

This firm is in an insolvency process. It is under the control of the appointed insolvency office holder(s) and may have stopped taking on new business. It has to continue to meet our standards in line with its regulatory status, including when dealing with its customers. If you are/were a customer check how this affects you with the firm or the appointed insolvency office holder(s).

Website, phone number and address

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

  • No website on the FCA register

  • No phone number on the FCA register

  • Address

    Grace Jones and David Frank Perkins, of Parker Andrews Limited, 5th Floor, The Union Building, 51-59 Rose Lane, Norwich, NR1 1BY, United Kingdom

In the full report: 1 background check

  • Who else gives the postcode NR1 1BY
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Other names (1)

If you were contacted under any of these names, it is this firm.

  • Exo Prestige Trading name

Past FCA permissions and consumer protection

  • In an insolvency process
    Money the firm held is returned through the appointed office holders, which takes time and can fall short. The FSCS covers eligible claims up to its limits, and the Ombudsman can still look at a complaint.
Show FCA detail (4 permissions)
  • Credit Broking
  • Debt Adjusting
  • Debt-counselling
  • Providing Credit Information Services

FCA disciplinary action and complaints

No FCA disciplinary action.

The Financial Ombudsman Service only publishes complaint figures for firms with 30 or more new complaints in six months, so there are none here for this firm.

Companies House record

The company behind the firm: its status, age, registered office and directors.

Concerns on the company record

  • Companies House records this company in liquidation, but it is still authorised on the FCA register.
  • Accounts are overdue at Companies House.
  • Confirmation statement is overdue at Companies House.
  • This company has insolvency history on record.
Company number
08510727
Company status
Liquidation
Company type
Private limited company
Incorporated
30 April 2013 (13 years old)
Registered office
C/O PARKER ANDREWS LTD, 5th Floor, The Union Building, 51-59 Rose Lane, Norwich, Norfolk, NR1 1BY
Nature of business
  • Sale of used cars and light motor vehicles (SIC 45112)

Directors and company secretaries

Name Role Born Appointed Other companies
Neville Taylor Director Nov 1967 21 Nov 2023 None

In the full report: every company its directors have run

  • Confirmation that its director runs no other company
  • Both people who have been directors, with their dates
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Filed accounts and finances

Year to 30 April 2023Full accountsAudited

Net assets

£490k

−54% from £1.06m

Cash at bank

£163k

−55% from £360k

Employees (average)

4

+33% from 3

Its next accounts are overdue at Companies House.

Assets and liabilities

In the full report: all 5 years of accounts

  • Every year from 2019 to 2023
  • The chart, over every year
  • Every filed figure, year by year
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About these figures
Turnover
Money taken from sales in the year, before any costs.
Profit before tax
What was left after the year’s costs, before corporation tax. A minus figure is a loss.
Net assets, or total equity
Everything the company owns minus everything it owes. A minus figure means it owes more than it owns.
Total assets and total liabilities
Everything the company owns, and everything it owes, on the last day of the year. The gap between them is its net assets.
Cash at bank
Money in the company’s accounts on the last day of the year.
Owed within a year, owed after a year
Debts and bills due in the next twelve months, and those due later.

Accounts filed at Companies House for company 08510727. Every figure is as filed, apart from total assets and total liabilities, which are added up from filed figures. Nothing is estimated.

Key dates in its history

Motor Store’s history from the FCA register and Companies House, newest first.

Key events (7) All events (13)

2023

21 November 2023

  • Board replaced: its only director left and a new director took over
  • Faris Taleb gave up control
  • Namare Grp Ltd took control (75–100% of shares)

Companies House

2017

30 April 2017

  • Faris Taleb took control (75–100% of shares)

Companies House

2015

26 May 2015

  • Regulated by the FCA from this date
  • Became authorised by the FCA

FCA register

2013

30 April 2013

  • Incorporated at Companies House

Companies House

In the full report: all 13 events

  • All 13 events in its history (7 shown here)
  • Every director appointment and resignation: 3
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Firms like Motor Store

Other firms of the same type (car dealer), nearest first.

In Norwich

Adam Walters LimitedNorwichAuthorisedAdvanced Car Sales LtdNorwichAuthorisedAtlantic Trading (Norfolk) LimitedNorwichAuthorisedAtlas Motor CompanyNorwichAuthorisedAuto's Star LtdNorwichAuthorisedBen Kemp LimitedNorwichAuthorised

Firms are listed by type and location, best known first. Being listed is not a recommendation: check any firm before you deal with it.

Get the full report on Motor Store

Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.

  • Every company its directors have run, named
  • 1 background check on its contact details
  • 5 years of accounts, charted
  • All 13 events in its history

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Frequently asked questions about this firm

Is Motor Store Ltd FCA authorised?
Yes, Motor Store Ltd (FRN 694897) is authorised by the FCA to carry out regulated activities. It is also in an insolvency process, under the control of insolvency practitioners, so deal with the appointed office holders rather than the firm. It has held its current authorisation since May 2015 and works as a car dealer. The FCA has placed no limits on its permissions.
Is Motor Store a scam or clone?
Motor Store is a genuine FCA-listed firm, and the FCA has published no warnings about fake versions of it. Scammers do copy real firms, though, so check that any contact details you were given match the ones on the register.
Is my money safe with Motor Store?
Motor Store is under the control of insolvency practitioners, so money it held is returned through the appointed office holders rather than by the firm. That takes time and can fall short. Where money is missing, the FSCS covers eligible claims up to its limits, and the Financial Ombudsman Service can still consider a complaint.
Who owns Motor Store?
Motor Store is owned by Namare Grp Ltd, which holds 75–100% of shares and 75–100% of votes, since 21 November 2023. Before that, it was controlled by Mr Faris Taleb.
Who runs Motor Store?
Companies House lists one director of Motor Store: Neville Taylor.
How long has Motor Store been in business?
The company was formed on 30 April 2013. Companies House now lists it as liquidation.
What do Motor Store’s latest accounts show?
Its latest accounts, to 30 April 2023, show net assets of £490k (−54% from £1.06m) and cash at bank of £163k (−55% from £360k). Its accounts are overdue at Companies House.
Does Motor Store use any other names?
It trades as Exo Prestige.

Sources and links

The full report on Motor Store Ltd

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