Ware Transport (Birmingham) Limited (02383875): administration
- Status
- Administration ended
- Administration began
- 2017-10-12
- Administrators' firm
- F A Simms & Partners
- Formerly
- WPS Thameside Limited; WPS Heathrow Limited
- Incorporated
- 1989-05-15
- Location
- Lutterworth
- Industry
- 49410 Freight transport by road
Why it went into administration
- HMRC / tax arrears
- Property / lease costs
- Sustained trading losses
- Energy costs
- Supply chain disruption
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on the 15 May 1989 and Mr Nigel Alan Parsons was appointed as the Director. Mr Alan John Parsons became a Director on the 31 May 1992 and Mr Nigel Alan Parsons resigned on the 11 May 1992. Mr Nigel Alan Parsons was reappointed as Director on the 11 October 1996 and Mr Alan John Parsons resigned on the 11 October 1992. Ms Sarah Jane Parsons was appointed as Director on the 21 March 1997 and Mr Brian Michael Davis was appointed as Director on the 27 January 1999. Mr Nigel Alan Parsons resigned as Director on the 1 September 2003 and Ms Sarah Jane Parsons and Mr Brian Michael Davis have remained as Director to date.
The business was initially set up to provide same day freight transport by road and traded for a number of years successfully. In 2008 the Company first started to face difficulties due to the global economic downturn which saw the Company's turnover reduce by 40%.
The Company was able to negotiate a 5 year contract with Swissport which ended in February 2014. Unfortunately during the final 3 years of servicing this contract the Company suffered significant losses. Several of the service contracts undertaken by the Company, including Swissport, committed the Company to run vehicles despite the reduced amount loaded onto the vehicle and the reduced number of loads did not allow the Company to reduce its overheads by reducing the number of vehicles being utilised.
Administrators' statement of proposals (2017-11-17) · Companies House register