Viking Trailers Limited (01058665): administration
- Status
- Administration ended
- Administration began
- 2018-09-14
- Administrators' firm
- FRP Advisory
- Incorporated
- 1972-06-19
- Location
- Manchester
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Creditor pressure / legal action
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated in June 1972 and traded as a specialist manufacturer of materials handling equipment and storage goods, particularly in the air cargo industry. A family run business, it created an international reputation for quality and durability having many blue-chip clients, Including well-known cargo, logistics and delivery businesses.
The business operated from long leasehold premises in Bacup, Lancashire which included a Factory and Assembly Unit. The Company employed 40 members of staff across its Factory, Assembly and administrative departments.
Barclays are the Company’s long-term bankers and sole secured creditor and provided an overdraft and term loan facility which had an outstanding balance of £335,832 and £565,133 respectively on appointment.
Administrators' statement of proposals (2018-11-09) · Companies House register