# Prohire Group Limited (03442849)

> Why UK company 03442849 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03442849

- **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- Funding withdrawn / unable to refinance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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03442849/filing-history/MzQ3ODI0NjY4MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03442849

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