Cargostore International Limited (02813712): administration
- Status
- Administration ended
- Administration began
- 2016-12-07
- Administrators
- Gary Paul Shankland, Kirstie Jane Provan
- Administrators' firm
- Begbies Traynor
- Formerly
- Stayfirst Limited
- Incorporated
- 1993-04-28
- Location
- London
- Industry
- 77390 Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
From the administrators' statement
Background to our appointment as administrators
Our firm Begbies Traynor (London) LLP (“Begbies Traynor’), was first introduced to the Company on or around 16 November 2017 by Agathos Management LLP the principal funder of the purchasing party, Cargostore Worldwide Trading Limited ((CWTL”)
Begbies Traynor were subsequently formatly engaged pursuant to the terms of an engagement letter dated 23 November 2016 to provide advice to the Company in the period leading up to our appointment as the administrators This included among other things, advice on the process for appointing administrators, advice on the conduct of the Company's affairs in the period prior to our appointment, and advice and assistance in relation to a pre-packaged sale of the Company’s business and assets
Administrators' statement of proposals (2017-01-25) · Companies House register