AIR Couriers International Limited (02673405): administration
- Status
- Administration ended
- Administration began
- 2017-04-12
- Administrators' firm
- Williams and Partners
- Incorporated
- 1991-12-20
- Location
- London
- Industry
- 52103 Operation of warehousing and storage facilities for land transport activities
Why it went into administration
- Property / lease costs
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 20 December 1991 and its principal trading activity was that of a national and international provider of air courier services specialising predominantly in the financial sector. The business was a fresh start and not as a result of an acquisition from an insolvency process.
The Company operated from leasehold premises at London Heathrow Airport, Colndale Road, Colnbrook, Berkshire, SL3 OHQ. The lease is for a term of 5 years commencing on 31 July 2012 with a current annual rent of £55,000, payable quarterly. The rent has been paid up to 24 March 2017. The Landlord has a registered fixed charge in respect of a rent deposit of £40,000.
The Company operated a bank account with Barclays Bank Ple and there are no outstanding charges registered at Companies House.
Administrators' statement of proposals (2017-05-02) · Companies House register