C.C.& R.J.Emerson Limited (00777722): administration
- Status
- Administration ended
- Administration began
- 2024-04-04
- Administrators' firm
- FRP Advisory
- Incorporated
- 1963-10-17
- Location
- St. Albans
- Industry
- 49410 Freight transport by road
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Energy costs
- COVID-19
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
The Company was incorporated and commenced trading on 17 October 1963.
The Company previously operated as a waste and recycling haulage company and transported scrap metals and aggregate materials.
In the lead up to the appointment of Administrators, the Company experienced a time of unprecedented financial distress that can be traced back to the COVID-pandemic and more recently to the Russian invasion of Ukraine. The COVID-pandemic restricted the movement of road hauliers and led to a shortage of drivers, whilst the Russian invasion of Ukraine led to a sharp and sustained spike in fuel costs. Both issues greatly impaired the Company's ability to trade and led to losses and, in turn, to a build-up of tax arrears.
Administrators' statement of proposals (2024-06-05) · Companies House register