The company hopes to be reborn under a new name within the next few weeks, with Prisma Energy a possibility.
Following months of complex financial reorganisation, the company has sold off dozens of businesses and unwound many of its trading partnerships.
Creditors that lost as much as $63bn (£34bn) when the company collapsed in December 2001 will receive around 22 cents in the dollar in the form of cash and Prisma shares, reports the BBC.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children