# Long Term Hire Dormant Limited (01875958)

> Why UK company 01875958 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01875958

- **Status:** Administration ended
- **Administration began:** 2011-11-17
- **Administrators:** Mark Jeremy Orton, Jonathan Scott Pope
- **Administrators' firm:** KPMG
- **Formerly:** Gorrel Trading Company Limited; Jaypower Limited
- **Incorporated:** 1985-01-09
- **Location:** Reading
- **Industry:** 7134

## 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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01875958/filing-history/MzA1MDYzODQ0N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01875958

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