C.T. Freight (UK) Limited (02755523): administration
- Status
- Administration ended
- Administration began
- 2013-10-21
- Administrators' firm
- CG&Co
- Incorporated
- 1992-10-14
- Location
- London
- Industry
- 51210 Freight air transport
Why it went into administration
- Supply chain disruption
- Competition / price pressure
- HMRC / tax arrears
- Loss of a key customer, supplier or contract
- Management failings / irregularities
- Cash flow / liquidity pressure
- Property / lease costs
From the administrators' statement
CT Freight traded from premises at Unit 16 Saxon Way Trading Estate, Saxon Way, Harmondsworth, Middlesex UB7 OLW, near London Heathrow Airport as a full service air freight provider Approximately 19 employees worked in the business at Saxon Way, including two dedicated local directors.
The company was purchased by the Group in 2008 to bring its air freight needs in-house. Whilst undertaking all forms of general air freight, CT Freight specialised in the Aerospace support field and offered bespoke services to the book and magazine trades. Aircraft on ground and on-board counter services were also offered.
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Administrators' statement of proposals (2013-12-06) · Companies House register