REA Valley Tractors Limited (01813871): administration
- Status
- In administration
- Administration began
- 2025-09-10
- Administrators
- Edward Williams, Timothy Andrew Higgins
- Administrators' firm
- PwC
- Formerly
- Firewillow Limited
- Incorporated
- 1984-05-04
- Location
- Leeds
- Industry
- 33200 Installation of industrial machinery and equipment
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Regulatory change or action
- Cash flow / liquidity pressure
- Parent or group failure
From the administrators' statement
DHL was incorporated in 2010 and is the holding company for a wider Group, including RVT (see Group structure at Appendix A). DHL had no trading activity, however did have 16 employees at the date of administration.
RVT was incorporated in 1984. It is a regional dealer specialising in tractors and agricultural machinery, with dealership agreements meaning RVT was able to sell new models from major brands such as New Holland, JCB, and Kuhn Farm Machinery. Alongside new equipment, the Company sold used machinery, offered servicing and maintenance and had small shops at each of its trading sites. The Company operated through seven branches across Shropshire, Staffordshire, Lancashire, Cheshire, and Mid & North Wales, providing sales, repairs, and maintenance services. At the date of the Administrators’ appointment RVT had 146 employees, across its various sites.
The Companies have historically been funded via a Group-wide Barclays overdraft which had a facility limit of £3.8m. Barclays holds fixed and floating charge security over the Companies and wider Group entities in respect of this indebtedness. As at our appointment, the Group overdraft facility was utilised to c.£1.6m which the Companies were jointly and severally liable for, and since this date additional exposures (e.g supplier guarantees) have crystallised, increasing this balance to c.£3m. There is also an outstanding term loan of c.£2.1m over which DHL is the principal debtor which makes up the remainder of Barclays’ outstanding indebtedness at appointment.
Administrators' statement of proposals (2025-11-07) · Companies House register