Star Transport and Warehousing Limited (01620450): administration
- Status
- Administration ended
- Administration began
- 2024-06-24
- Administrators
- Benjamin John Wiles, Geoffrey Wayne Bouchier
- Administrators' firm
- Kroll
- Formerly
- Bertment Limited; Neville Warehousing Co. Limited
- Incorporated
- 1982-03-05
- Location
- London
- Industry
- 49410 Freight transport by road
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Competition / price pressure
- Supply chain disruption
- Property / lease costs
- Rising interest rates
- Brexit
From the administrators' statement
The Group was introduced to Kroll in October 2023 and Kroll undertook a review of the Group’s financial position including considering its options on a solvent, insolvent and combined basis.
While the trading entities of the Group were generating a positive EBITDA at the time of review, the financial performance of the Group had been significantly impacted by a number of factors including the
following:
Administrators' statement of proposals (2024-07-11) · Companies House register