Inta Business Logistics Limited (03443315): administration
- Status
- Administration ended
- Administration began
- 2011-08-12
- Administrators' firm
- FRP Advisory
- Formerly
- Mark James Logistics Limited
- Incorporated
- 1997-10-02
- Location
- Birmingham
- Industry
- 6024
Why it went into administration
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 2 October 1997, its principal trading activity Is the transportation of goods around the UK and it operated from leasehold premises at Battlefield Enterprise Park, Shrewsbury.
The Company operated successfully until late 2010 when, as a result of the current economic climate, customer orders started to decline including the loss of two major customers in May 2011, resulting in a major reduction in revenue to the Company.
In order to alleviate the constraint on working capital, the Directors arranged additional funding with a loan of £35,000, which the Directors’ personally guaranteeing the full amount.
Administrators' statement of proposals (2011-10-04) · Companies House register