MTS Nationwide Limited (02916265): administration
- Status
- Administration ended
- Administration began
- 2024-01-03
- Administrators
- Steven George Hodgson, Christopher Wood
- Administrators' firm
- RSM
- Formerly
- Simco 630 Limited
- Incorporated
- 1994-04-06
- Location
- Leeds
- Industry
- 46140 Agents involved in the sale of machinery, industrial equipment, ships and aircraft
From the administrators' statement
3.7
3.8
In the period prior to the appointment of the Joint Administrators, the Company directors sought advice from their solicitors, Clarion Solicitors (“Clarion”) in Leeds. Clarion had acted for the Company when a sale was concluded for MTS Plant Hire in the earlier part of 2023 and during that process, the directors were introduced to Clarion’s Corporate Restructuring team. On 30 October 2023, the directors and Mike Richardson, an external finance consultant, met with Clarion as the Company was not performing to plan. Whilst there were several turnaround options being considered, there was a concern that if something was not done quickly that the Company would not be able to meet its obligations as they fell due.
Administrators' statement of proposals (2024-03-05) · Companies House register