# AIR Couriers International Limited (02673405)

> Why UK company 02673405 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02673405

- **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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02673405/filing-history/MzE3NDg2MDgwMmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02673405

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