Challenger Logistics Limited (03600826): administration
- Status
- Administration ended
- Administration began
- 2011-08-15
- Administrators' firm
- Kallis & Company
- Incorporated
- 1998-07-20
- Location
- London
- Industry
- 6022
Why it went into administration
- Competition / price pressure
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company commenced trading in May 2002 having acquired a major client from Challenger Group Holdings Plc, a connected company, upon that company ceasing to trade In 2009 the Company acquired the trade of another local chauffeur drive company and this was done on an earn-out basis
The business of the Company ts to provide chauffeur drive cars to account customers and to provide parcel delivery services mainly in the Heathrow area Carl Coveney has been involved in this industry for more than 30 years and therefore has extensive experience in this field
The Company has two radio controllers, two admin staff and a pool of about 30 sub-contract drivers who are mostly self- employed The Company’s clients are mostly major corporations The Company has established well defined operational and accounting systems and uses mvoice discounting procedures
Administrators' statement of proposals (2011-08-26) · Companies House register