# Gwynedd Shipping Limited (01848682)

> Why UK company 01848682 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01848682

- **Status:** Administration ended
- **Administration began:** 2024-01-15
- **Administrators:** Robert Goodhew
- **Administrators' firm:** Kroll
- **Formerly:** Mineview Limited
- **Incorporated:** 1984-09-17
- **Location:** Manchester
- **Industry:** 49410 Freight transport by road

## Why it went into administration

- Cash flow / liquidity pressure
- Sustained trading losses

## From the administrators' statement

Prior to the appointment of the Joint Administrators, the Companies had been experiencing cashflow pressures due to trading underperformance. The Directors, mindful of their duties, sought the professional advice of Kroll regarding their options.

Kroll was initially engaged on 27 September 2023 to provide advice in connection with the ongoing solvency of the Companies and also the wider group. This included assisting the Directors with discussions with key stakeholders and advice regarding ongoing trading. On 12 October 2023, this engagement was extended further to provide cash flow monitoring and to launch and manage an AMA process for the wider group’s shares and/or business.

Further detail on the events leading up to the insolvency of the Companies is provided below.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01848682/filing-history/MzQxMzg5NDc3OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01848682

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.