Prohire Group Limited (03442849): administration
- Status
- In administration
- Administration began
- 2025-06-27
- Administrators
- Timothy Vance, Samuel James Woodward
- Administrators' firm
- EY
- Formerly
- Prohire P.L.C.
- Incorporated
- 1997-10-01
- Location
- Leeds
- Industry
- 77120 Renting and leasing of trucks and other heavy vehicles
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
- Funding withdrawn / unable to refinance
From the administrators' statement
The Group had become loss making in recent years, which was contributed to by a number of factors including:
> Contraction in margins on contract hire sales, placing pressure on trading performance and profitability; and
> Significant losses on the disposal of vehicles. Losses on the disposal of the vehicles totalled £1.5m in FY25 alone.
Administrators' statement of proposals (2025-08-27) · Companies House register