# Prohire Limited (01388495)

> Why UK company 01388495 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01388495

- **Status:** In administration
- **Administration began:** 2025-06-27
- **Administrators:** Timothy Vance, Samuel James Woodward
- **Administrators' firm:** EY
- **Formerly:** Prohire PLC; Prohire Limited; Prohire PLC; Prohire PLC; Prohire Rentmaster PLC; Prohire Rentmaster Limited; Securicor Vehicle Management Limited; Eccleston Vehicle Leasing Limited; Mint Security Limited; PPR Security Group Limited
- **Incorporated:** 1978-09-13
- **Location:** Leeds
- **Industry:** 77110 Renting and leasing of cars and light motor vehicles

## Why it went into administration

- Cash flow / liquidity pressure
- Sustained trading losses
- Funding withdrawn / unable to refinance

## From the administrators' statement

The Group had become loss making in recent years, which was contributed to by a number of factors including:

> Contraction in margins on contract hire sales, placing pressure on trading performance and profitability; and

> Significant losses on the disposal of vehicles. Losses on the disposal of the vehicles totalled £1.5m in FY25 alone.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01388495/filing-history/MzQ3ODI0NjM3NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01388495

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.