Vendo Ltd (01571834): administration
- Status
- In administration
- Administration began
- 2025-08-27
- Administrators
- Philip Lawrence, Gareth Howarth
- Administrators' firm
- AMS Business Recovery
- Formerly
- Vendo PLC
- Incorporated
- 1981-07-01
- Location
- Manchester
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Sustained trading losses
From the administrators' statement
In December 2018, the Company’s shares were purchased by Darren Taylor Holdings Limited (‘DTH’), with Darren Taylor appointed as a director, but he subsequently resigned in March 2024. At this point, Mr Callister, who was a Company employee responsible for operations, became appointed as the Company’s sole director.
From 2019, the Company employed a marketing person to grow the business. In addition, the Company focused on improving the franchisees’ productivity by supporting them in employing more staff and leveraging the Company's relationship with its largest customers, DHL and BOC. Accordingly, the franchisees began to increase the depots they operated for, from 7 to 42 (DHL), together with increasing the number of trucks it cleaned for BOC from 10% of all trucks to circa 80%.
In the last few years, the Company’s annual turnover consolidated around £1.9m, with the last couple of years’ accounts reporting net profits doubling from circa 3% to 6%. However, it is understood that the Company would be loss making when accounting for the shareholder, DTH’s, annual service / operational management fee of £123,750.
Administrators' statement of proposals (2025-10-20) · Companies House register