Cartwright Bros. (Haulage) Limited (00726306): administration
- Status
- In administration
- Administration began
- 2024-06-20
- Administrators
- William Innes, Janet Burt
- Administrators' firm
- Kroll
- Incorporated
- 1962-06-05
- Location
- Birmingham
- Industry
- 49410 Freight transport by road
Why it went into administration
- Cash flow / liquidity pressure
- COVID-19
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Energy costs
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Sustained trading losses
From the administrators' statement
Kroll first became involved with the Company on 4 June 2024 following an introduction by IGF. Kroll had an initial meeting with the Directors and IGF on 5 June 2024.
The Company had insufficient working capital available to meet its ongoing liabilities and due to this was experiencing significant creditor pressures.
Further details on the events leading to the Administration is detailed at Section 4. Appointment
Administrators' statement of proposals (2024-08-12) · Companies House register