From the administrators' statement

The Company was incorporated on 9 January 1985 and provided the hire of Volvo dump tricks, loading shovels and excavators It was bought by Hydrex in October 2006

Although the Company was retained as a separate legal entity 1t was treated as a division of Hydrex with all of the Company’s trade passing through Hydrex’s bank accounts Accordingly, the Company became a significant intercompany creditor of Hydrex

Following losses, the Group was subject to a consensual financial restructure in June 2010 to enable the Secured Lenders to introduce additional funds and take ownership of the Group

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Long Term Hire Dormant Limited (01875958)

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