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W.J.Capper Transport Limited (01081887): administration

Status
Administration ended
Administration began
2023-11-29
Administrators
Glyn Mummery, Julie Humphrey
Administrators' firm
FRP Advisory
Incorporated
1972-11-14
Location
Brentwood
Industry
49410 Freight transport by road

Why it went into administration

From the administrators' statement

The Company was formed in 1972 and operated as a family run business until the sale of the business in March 2021, when it was purchased for £2.7m by the current directors Graeme Connor and Ross Bryant, together with an additional shareholder, James Dolan.

Historically, the business has been based at a site in Telford, operating as a freight haulier and more recently servicing a contract for a major freight distributor whilst employing 40 full time members of staff. The premises was leased by the Company, with the landlord being the former owners of the business.

Upon purchasing the business, the Company moved their debtors to an invoice factoring facility provided by ECapital Commercial Finance Limited (formerly Advantedge Commercial Finance Limited) (“ECapital”). A fixed and floating charge was granted to ECapital on 15 March 2021.

Administrators' statement of proposals (2024-01-19) · Companies House register

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W.J.Capper Transport Limited (01081887)

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