N.T. Whitfield (Transport) Limited (01556015): administration
- Status
- Administration ended
- Administration began
- 2019-09-09
- Administrators' firm
- FRP Advisory
- Incorporated
- 1981-04-14
- Location
- Newcastle upon Tyne
- Industry
- 49410 Freight transport by road
Why it went into administration
- Cash flow / liquidity pressure
- Weak consumer demand
- Rising costs / inflation
- Sustained trading losses
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company was incorporated and commenced trading in April 1981 as general road hauliers from premises at Portrack Lane Stockton on Tees TSi8 2NR with a team of 29 employees including two directors, one of which resigned in June 2019. However, in order to facilitate the Company being in a position to pass any board resolutions required, the previous director was re-appointed on 27 August 2019.
There are 169 Ordinary Shares of the Company split between 2 shareholders 132 owned by Ian Smaiiman and 37 owned by Carolyn Wood.
The Company has carried out general haulage assignments from this base since inception and has 2 main customers who provide approximately 55% of annual turnover.
Administrators' statement of proposals (2019-10-22) · Companies House register