J.B. Langford & Co. Limited (01133854): administration
- Status
- Administration ended
- Administration began
- 2019-11-07
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1973-09-12
- Location
- Northampton
- Industry
- 45200 Maintenance and repair of motor vehicles
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
From the administrators' statement
The information below has been prepared from a statement provided by the director and information contained within the Company accounts and at Companies House. We will carry out our own investigations to verify the reasons provided by the directors for the Company's insolvency.
The Company was incorporated in 1973 by the Langford family. The Company traded as a courier service, renting and leasing vehicles and traded from Thomas’ Business Centre, Atlas Trading Estate, Brookvale Road, Birmingham.
In 2018 the current director, Robert Beardmore, purchased the Company from the then incumbent owners, Steven Thomas and Julie Atkinson. The total consideration agreed for the purchase of the Company was £205,000, with a £10,000 deposit payable on completion and monthly payments thereafter of £8,125 until the balance of the consideration was defrayed in full. Upon completion of the sale the Company relocated to leased premises at Unit W, Sapcote Trading Estate, 68 Wyrley Road, Birmingham, B6 7BN. At the date of our appointment £22,988. 13 of the deferred consideration remained outstanding.
Administrators' statement of proposals (2019-12-11) · Companies House register