R.J. Murray and SON Ltd. (03411142): administration
- Status
- Administration ended
- Administration began
- 2015-07-09
- Administrators
- Kevin Gerald Murphy, Andrew Poxon
- Administrators' firm
- Leonard Curtis
- Incorporated
- 1997-07-29
- Location
- Manchester
- Industry
- 49410 Freight transport by road
Why it went into administration
- HMRC / tax arrears
- Sustained trading losses
- Cash flow / liquidity pressure
- Energy costs
- Rising interest rates
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated in July 1997 however the business has been trading within the Murray family since 1930 The initial directors were Mr Stephen Murray, Mr Robert Murray and Mrs Jennifer Murray The current sole director is Mr Stephen Murray
The principal activities of the Company were haulage, distnbution and storage The Company traded from leasehold premises in Woodlands, Brampton Road, Longtown, Carlisle, CAG 5TR +The Company sold this property in March 2013 which ts detailed further below The Company histoncally employed approximately 60 staff
The Company historically received funding from Barclays by way of an overdraft facility, an invoice finance facility and a loan/mortgage facility Barclays hold secunty by way of vanous legal charges against specific property and equipment as well as a fixed and floating charge over all assets created on 12 November 2008 More recently, the Company has received funding from Aldermore Invoice Finance
Administrators' statement of proposals (2015-08-28) · Companies House register