# Mayne Coaches Limited (00438523)

> Why UK company 00438523 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/00438523

- **Status:** Administration ended
- **Administration began:** 2022-02-14
- **Administrators:** Rehan Ahmed, Jeremy Nigel Ian Woodside
- **Administrators' firm:** Quantuma
- **Formerly:** Barry Cooper Coaches Limited; R Wood & Sons (Tours) Limited
- **Incorporated:** 1947-07-08
- **Location:** Manchester
- **Industry:** 49319 Other urban, suburban or metropolitan passenger land transport (not underground, metro or similar)

## Why it went into administration

- Sustained trading losses
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure

## From the administrators' statement

3.1

3.2

As detailed above, the Company had been in decline for number of years and was loss-making; the COVID-19 pandemic had compounded matters. Whilst funds advanced by a shareholder had assisted in plugging short term gaps in the Company’s working capital, the Company continued to be loss making. Therefore, the director approached the Company’s accountant, Cowgills, for advice on the position.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/00438523/filing-history/MzMzMTMzMzE2OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/00438523

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.