HCT Group (01747483): administration
- Status
- Administration ended
- Administration began
- 2022-09-23
- Administrators
- William Matthew Humphries Tait, Mark Thornton
- Administrators' firm
- BDO
- Formerly
- HCT Group Limited; Hackney Community Transport
- Incorporated
- 1983-08-22
- Location
- Liverpool
- Industry
- 49319 Other urban, suburban or metropolitan passenger land transport (not underground, metro or similar)
Why it went into administration
- Rising costs / inflation
- Cash flow / liquidity pressure
- HMRC / tax arrears
- COVID-19
- Funding withdrawn / unable to refinance
- Energy costs
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Regulatory change or action
From the administrators' statement
The Company was incorporated on 22 August 1983 and was originally named Hackney Community Transport, before being renamed HCT Group in August 2008.
The Company is the parent company of the Group, which consists of subsidiary entities previously operating in the United Kingdom including operations in London, Bristol, Yorkshire and the Channel Islands.
The Company is a social enterprise and became a registered charity with the Charity Commission on 22 March 2002 and is therefore bound by the Charities Act 2011 (“the Charities Act”).
Administrators' statement of proposals (2022-11-23) · Companies House register