Steve Porter Transport Ltd (02362199): administration
- Status
- Administration ended
- Administration began
- 2023-09-25
- Administrators' firm
- FRP Advisory
- Formerly
- Steve Porter Light Haulage Limited
- Incorporated
- 1989-03-16
- Location
- Birmingham
- Industry
- 49410 Freight transport by road
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Supply chain disruption
- Funding withdrawn / unable to refinance
- COVID-19
- Rising costs / inflation
- Creditor pressure / legal action
- Sustained trading losses
- Cyber attack / IT failure
- Competition / price pressure
From the administrators' statement
KNP Logistics Group Limited (‘KNP”) and certain of its subsidiaries (together “the Group”) operated as a multi-functional distribution business, providing road haulage, supply chain logistics and warehousing throughout the UK and Europe. It also incorporated a small driver training business based in the UK.
The Group operated from seven depots and multiple customer sites throughout the UK and Ireland, with approximately 55,000 racked pallet spaces and in-excess of 400 vehicles and 700 trailers, employing approximately 730 staff.
The Group comprises of KNP and the following wholly owned (direct or indirect) trading subsidiaries:
Administrators' statement of proposals (2023-11-17) · Companies House register