Global Eyes Logistics Limited (04010116): administration
- Status
- Administration ended
- Administration began
- 2015-11-25
- Administrators' firm
- BDO
- Incorporated
- 2000-06-07
- Location
- Liverpool
- Industry
- 49410 Freight transport by road
Why it went into administration
- Competition / price pressure
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Supply chain disruption
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The following summary of events leading up to the appointment of the Joint Administrators has been prepared in conjunction with the Director.
The Company was incorporated on 7 June 2000, and provided warehouse and distnbution logistics, including Aircraft on Ground services, to the aviation industry. It traded from leasehold premises in Tamworth, Dunstable and also operated from premises belonging to a customer in Scotland. The Company had 88 full-time employees.
Dunng 2013 a dispute arose within the Director and shareholder group which resulted in significant changes within the senior management team and the Directors of the Company The Company took a successful legal action against certain former Directors/employees, however, the cost of this action and the disruption this caused to the Company was detrimental to the Company’s trading performance
Administrators' statement of proposals (2016-01-21) · Companies House register