Truemans Coaches (Fleet) Limited (03893583): administration
- Status
- Administration ended
- Administration began
- 2020-04-27
- Administrators' firm
- KRE Corporate Recovery
- Incorporated
- 1999-12-14
- Location
- Reading
- Industry
- 49390 Other passenger land transport
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
3.1 In March 2020 with the government lockdown came the total cessation of the company’s tour and day excursion programme, private hire bookings, school bookings and school contracts. After Friday 20th’ March all vehicles were
' ‘mothballed’.-
3.2 As the company did not come into the ‘Leisure’ industry category, no grants or rate relief were available and bank loans. were extremely difficult to obtain, it soon became apparent that Truemans had a cash flow problem.
Administrators' statement of proposals (2020-07-01) · Companies House register