Systematic Logistics International Limited (02950750): administration
- Status
- Administration ended
- Administration began
- 2018-11-30
- Administrators' firm
- FRP Advisory
- Incorporated
- 1994-07-20
- Location
- Brentwood
- Industry
- 49410 Freight transport by road
Why it went into administration
- Sustained trading losses
- Energy costs
- Supply chain disruption
- Loss of a key customer, supplier or contract
- Brexit
From the administrators' statement
The Company was incorporated on 20 July 1994, by the current director and ultimate shareholder, RT, specialising in palletised freight delivery. Former directors include Andrew Triolo who was appointed as a director on 1 June 2007 and resigned on 31 March 2016 and Stephen Parkes, who was appointed on 14 November 2016 and resigned on 30 April 2018.
SLIL commenced trading in 1994, funded by a £30k business loan from HSBC Bank. This loan was due to be repaid in seven years, however, given its immediate success, the Company exceeded its original budget and it was repaid within two years.
64 members of staff are employed by the Company, consisting of predominantly administrative staff and drivers, located at two leased premises situated in Colchester and Stansted in Essex.
Administrators' statement of proposals (2019-01-03) · Companies House register