Mobility Link Limited (03345511): administration
- Status
- Administration ended
- Administration began
- 2018-07-10
- Administrators' firm
- CF Corporate Finance
- Incorporated
- 1997-04-04
- Location
- Derby
- Industry
- 88100 Social work activities without accommodation for the elderly and disabled
Why it went into administration
- Regulatory change or action
From the administrators' statement
The Company was incorporated in April 1997, as a provider of transport services for the benefit of elderly and disabled residents of East Staffordshire and adjacent areas. The Company operated latterly from leasehold premises at Elms Lodge, 37 Stapenhill Road, Burton-upon-Trent, Staffordshire, DE1S 9AE. The Company is a registered charity.
The Company was dependent primarily on grants from local authorities and income from customer contracts, to enable the Company to operate. The Company traded profitably, in the financial periods up to 31 April 2017. As at 31 Aprit 2017, the Company had net funds of circa £158k.
In February 2016, the Company received notice from its main local authority funder, that the funder would be withdrawing its annual funding from April 2016 and for the foreseeable future. The Company also received notice, that one of its customer contracts would not be renewed from April 2016, involving a loss of annual income of circa £46k,
Administrators' statement of proposals (2018-09-14) · Companies House register