Knights of Old Limited (00583329): administration
- Status
- Administration ended
- Administration began
- 2023-09-25
- Administrators' firm
- FRP Advisory
- Formerly
- Knights of Old,Limited
- Incorporated
- 1957-05-03
- Location
- Birmingham
- Industry
- 49410 Freight transport by road
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- COVID-19
- Rising costs / inflation
- Supply chain disruption
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Sustained trading losses
- Parent or group failure
- Cyber attack / IT failure
From the administrators' statement
KNP Logistics Group Limited (KNP”) and _ certain subsidiaries (together “the Group”) operated as a multi-functional distribution business, providing road haulage, supply chain logistics and warehousing throughout the UK and Europe. The Group also incorporated a small driver training business based in the UK.
The Group operated from seven depots and multiple customer sites throughout the UK and Ireland, with approximately 55,000 racked pallet spaces and in-excess of 400 vehicles and 700 trailers, employing approximately 730 staff.
The Group comprised of KNP and the following wholly owned (direct or indirect) trading subsidiaries:
Administrators' statement of proposals (2023-11-17) · Companies House register