Carrier Direct Limited (02856522): administration
- Status
- Administration ended
- Administration began
- 2017-05-16
- Incorporated
- 1993-09-23
- Location
- Plymouth
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- HMRC / tax arrears
From the administrators' statement
The CVA was intended to provide the Company with the breathing space it required to start trading profitably. However, the Company has been unable to trade as profitably as it had hoped and liabilities began to accrue again. In particular, there was a liability to HM Revenue & Customs ("HMRC") for outstanding VAT which could not be met. The Company had spoken to HMRC regarding this as a similar size refund was also due. The director had believed the liability and the refund could be offset. However, a closer consideration of the terms and effect of the CVA, determined that the refund relates to tax from before the implementation of the CVA and, therefore, would have to be repaid to the supervisor of the CVA if it was received and it is not possible for it to be utilised to pay a liability which had accrued since the CVA.
Also, the Company could not afford to restructure again whilst subject to the CVA. The business requires investment. Such financial backing was not available to the company whilst it was subject to the CVA.
On 16 May 2017, Michelle Anne Weir of Lameys was appointed administrator of the Company fallowing the filing of a notice of appointment of administrator by the director.
Administrators' statement of proposals (2017-06-22) · Companies House register