Martyn Barratt Transport Limited (04031561): administration
- Status
- In administration
- Administration began
- 2026-04-13
- Administrators
- Emily Louise Oliver, Dean Anthony Nelson
- Administrators' firm
- PKF SC Advisory
- Formerly
- Martyn Barrett Transport Limited
- Incorporated
- 2000-07-11
- Location
- Derby
- Industry
- 49410 Freight transport by road
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
3.1. Following an initial meeting held on 29 January 2026, between the Board of Directors, Dean Nelson from PKF Smith Cooper and the Company’s accountants, it seemed likely that the Company would need to be placed into Administration, due to the above cash flow pressures and creditor duress, in order to preserve the business and its goodwill. As such on 6 February 2026, the Firm was instructed to conduct an IBR into the Company’s financial position, to provide advice on the options available to the Board.
3.2. The recommendation, following this review, was for the Company to trade in the short term, discharging only business critical payments, whilst an M&A process commenced in order to market the Company’s business and assets for sale. The M&A process would be undertaken outside of Administration process, but in contemplation of Administrators ultimately being appointed. This was to reduce costs and preserve goodwill.
3.3. Assuch, the Directors engaged the firm on 12 February 2026 to commence the M&A process. Having discussed the position with RBSIF, they agreed with the proposed strategy and to support the business in funding business critical payments, subject to these having been reviewed initially by the proposed Administrators.
Administrators' statement of proposals (2026-04-27) · Companies House register