SWFL Limited (04048715): administration
- Status
- Administration ended
- Administration began
- 2017-09-15
- Administrators
- Neil John Maddocks, Robert John Coad
- Administrators' firm
- Insolvency Practitioners of Undebt.co.uk
- Formerly
- Pyrah Harris Limited
- Incorporated
- 2000-08-08
- Location
- Bristol
- Industry
- 49410 Freight transport by road
Why it went into administration
- Supply chain disruption
- Loss of a key customer, supplier or contract
- Parent or group failure
From the administrators' statement
The Company was originally incorporated on 8 August 2000 and traded as Pyrah Harris Ltd. The shares in the Company were purchased by Neil Pyrah-Barnes in March 2017 in order to purchase the business and assets of S W Freight Logistics Ltd.
Neil Maddocks and Rob Coad were appointed Joint Administrators of S W Freight Logistics Ltd on 24 April 2017. Immediately upon their appointment, the business and assets were sold to the Company. The physical assets and goodwill were sold for the sum of £7,500 which was paid by the Company in full. The customer contracts and ongoing work in progress were due to be paid on a deferred basis calculated at 3% of turnover. No payments were made by the Company in this respect.
The Company traded for the period 24 April 2017 to 31 August 2017. It is understood that the Company's difficulties stemmed from a loss of trade and key customers following the Administration of the business of S W Freight Logistics Ltd. The Company ceased trading and the director sought advice from an Insolvency Practitioner.
Administrators' statement of proposals (2017-10-27) · Companies House register