AIR Medical Limited (01882399): administration
- Status
- Administration ended
- Administration began
- 2016-02-01
- Administrators' firm
- Leonard Curtis
- Incorporated
- 1985-02-04
- Location
- London
- Industry
- 51102 Non-scheduled passenger air transport
Why it went into administration
- Sustained trading losses
- Supply chain disruption
- Cash flow / liquidity pressure
- Regulatory change or action
- Competition / price pressure
From the administrators' statement
AML was incorporated on 4 February 1985 and commenced trading immediately providing solutions for the passenger, freight, ambulance, survey and aenal photography work in 2003, the Company was purchased by the Topliss and Dent families, the current management, and AMFL was formed as the holding company, with AML to continue as the operating company
The Company traded from leasehold premises at Oxford Airport, Kidlington, Oxfordshire OX5 1QX Its principal trading activity was as a provider of a fixed wing air ambulance service for clients such as blue chip companies, the National Health Service, the Ministry of Defence, foreign governments and militares as well as private individuals and aircraft brokers It also provided an aircraft maintenance facility
The Company operated with four aircraft, two Learjet 35As and two Piper Cheyenne 3As, which were all owned by AMFL and which were subject to a finance agreement with Lombard North Central PLC (“Lombard”)
Administrators' statement of proposals (2016-03-22) · Companies House register