D.M.S. International Limited (01259946): administration
- Status
- In administration
- Administration began
- 2024-11-07
- Administrators
- Mark Guy Boughey, Rebecca Jane Dacre
- Administrators' firm
- Mazars
- Formerly
- Aquacarla Limited
- Incorporated
- 1976-05-24
- Location
- Milton Keynes
- Industry
- 51210 Freight air transport
Why it went into administration
- Supply chain disruption
- Competition / price pressure
From the administrators' statement
3.1.1 The Company was incorporated as Aquacarla Limited on 24 May 1976, and acted as a freight forwarder for customers, a storage facility for others and also a fulfilment agent for certain customers. As at the date of appointment, the Company employed 6 members of staff.
3.1.2 The directors have not furnished the Administrators with an account of the trading history of the Company and the Administrators’ investigations to establish this remain ongoing.
3.1.3 The working capital requirements of the business were met through a confidential invoice discounting (“CID”) facility provided by Kriya. The borrowing under the CID facility was secured by way of a debenture containing fixed and floating charges and had also been personally guaranteed by the director.
Administrators' statement of proposals (2024-12-06) · Companies House register