# Cobley Transport (Reading) Limited (03988604)

> Why UK company 03988604 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03988604

- **Status:** Administration ended
- **Administration began:** 2013-08-07
- **Administrators' firm:** F A Simms & Partners
- **Incorporated:** 2000-05-09
- **Location:** Lutterworth
- **Industry:** 49410 Freight transport by road

## Why it went into administration

- Creditor pressure / legal action
- Supply chain disruption
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure

## From the administrators' statement

FA Simms & Partners Limited were initially approached by the director, Ann Cobley and Company accountant Lyn Simpson (Simpson & Co) on the 10 July 2013 A meeting was held with the above, and director Peter Cobley, on the same day

The directors advised that the Company had begun to make weekly losses and the estimated year to date loss was at £75,000

The director advised that losses were associated to one of their large contracts which had resulted in losses with approximately £500,000 over the previous two years This contract originally cost the Company the sum of £50,000 to purchase

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03988604/filing-history/MzA4NTIwMjc3M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03988604

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.