Geldards Coaches Limited (03211873): administration
- Status
- Administration ended
- Administration began
- 2015-09-11
- Administrators' firm
- Begbies Traynor
- Formerly
- Big Foot Buses Limited
- Incorporated
- 1996-06-13
- Location
- Leeds
- Industry
- 49390 Other passenger land transport
Why it went into administration
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
From the administrators' statement
The Company was a family run business founded in 1991 Having started with one minibus under the “Big Foot Coaches” brand, it steadily grew in size to one of the largest coach companies in the Yorkshire area, reaching a peak last year when tts fleet reached 50 buses and coaches
The Company operated bus services around Leeds, providing coach trips, private hire and school contracts, trading from premises on Whitehall Road, Leeds
In December 2012, the Company's secured lender, Clydesdale Bank pic t/a Yorkshire Bank (“the Bank") engaged BTG Financial Consulting ((BTGEFC’), to carry out an independent business review due to concerns in respect of the Company’s funding requirements BTGFC were further engaged in May 2014 to carry out a multi phase review of the Company’s short term cash flow and longer term funding requirements
Administrators' statement of proposals (2015-10-27) · Companies House register