T.T. Express (Oldham) Limited (03969120): administration
- Status
- Administration ended
- Administration began
- 2017-09-15
- Administrators
- David James Costley-Wood, Paul Nicholas Dumbell
- Administrators' firm
- KPMG
- Incorporated
- 2000-04-05
- Location
- Oldham
- Industry
- 49410 Freight transport by road
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company was incorporated in April 2000 and operated as a haulier, providing services nationally to approximately 40 customers, including being an approved haulier to one of the UK's largest supermarkets. The Company utilised a fleet of 30 vehicles, all of which were operated on a spot hire basis and as such were not owned by the Company.
At the date of our appointment, the Company had 56 employees and operated from leasehold premises in Royton, Oldham.
2.2. Funding and financial position of the Company
Administrators' statement of proposals (2017-10-12) · Companies House register