Truckexport Limited (03767498): administration
- Status
- Administration ended
- Administration began
- 2017-07-24
- Administrators
- Sarah Helen Bell, Steven Muncaster
- Administrators' firm
- Kroll
- Formerly
- Tony Newell Commercials Limited
- Incorporated
- 1999-05-10
- Location
- Brough
- Industry
- 45190 Sale of other motor vehicles
Why it went into administration
- Funding withdrawn / unable to refinance
- Competition / price pressure
From the administrators' statement
Statutory information on the Company and a summary of its financial history is included at Appendix 1.
The Company was incorporated on 10 May 1999 and commenced to trade shortly thereafter with the purpose of selling used trucks mainly to customers based overseas. Mr Anthony Newell, who has over 20 years’ experience in the used truck industry, was the sole director of the Company at the date of incorporation.
The Company initially traded from leasehold premises in immingham, Lincoinshire and began to develop a strong customer base due to the growing overseas market in which it operated. Enquiries were obtained mainly through repeat customers or word of mouth at that time and the vehicles were sought and purchased by the Company once an order had been placed.
Administrators' statement of proposals (2017-09-22) · Companies House register