Delco (Euro) Transport Services Limited (03562742): administration
- Status
- Administration ended
- Administration began
- 2016-11-30
- Administrators' firm
- Leonard Curtis
- Formerly
- Dello (Euro) Transport Services Limited
- Incorporated
- 1998-05-13
- Location
- Manchester
- Industry
- 46711 Wholesale of petroleum and petroleum products
Why it went into administration
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
From the administrators' statement
31 The Company was incorporated in 1998 and traded as a credit fuel card provider which incorporated the facility to provide usage data to customers In addition it wholesaled bulk fuel which also provided the opportunity to sell tanks, pump units and repair services to customers
32 The Company traded from the directors, residential premises and employed 3 members of staff
33 The Company was primarily funded by way of an invoice finance agreement held with Close Invoice Finance Limited (“Close”), who hold security by way of a debenture created on 9 February 2000
Administrators' statement of proposals (2017-02-02) · Companies House register