# Hoddesdon Distribution Limited (03311138)

> Why UK company 03311138 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03311138

- **Status:** In administration
- **Administration began:** 2024-04-17
- **Administrators:** Benjamin John Wiles, Philip Joseph Dakin
- **Administrators' firm:** Kroll
- **Incorporated:** 1997-01-31
- **Location:** London
- **Industry:** 49410 Freight transport by road

## Why it went into administration

- Cash flow / liquidity pressure
- HMRC / tax arrears
- Property / lease costs
- Rising interest rates
- Competition / price pressure
- Rising costs / inflation
- Supply chain disruption
- Parent or group failure

## From the administrators' statement

The Company was incorporated within the Aquila logistics operation following the purchase in February 2022,

The departure of key personnel following the purchase resulted in a loss of goodwill with customers, which coupled with high interest rates, rising prices of key costs, and technical issues associated with the implementation of a new technology system, resulted in the Company experiencing significant liquidity issues,

Kroll was subsequently instructed to assist with reviewing the Company’s short-term cash flow forecast and to advise on the options available to the Company and Cynergy.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03311138/filing-history/MzQyMjY1OTExMmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03311138

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.