Containercare Limited (04050716): administration
- Status
- Administration ended
- Administration began
- 2023-06-08
- Administrators
- Alastair Massey, Lila Thomas
- Administrators' firm
- FRP Advisory
- Formerly
- Actionclub Limited
- Incorporated
- 2000-08-10
- Location
- Preston
- Industry
- 77390 Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Why it went into administration
- Property / lease costs
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 10 August 2000 operating in the shipping container sales and container hire industry. The original Board was made up of Ronald Morris (resigned 2008), Anna Morris (resigned 2008) and Ian Morris. In 2021, a sale of the Company’s shares completed to Containercare Holdings Limited. Ian Morris resigned his position as a Director and Shareholder and Paul Gratton, Howard Atkinson and Max Ward were appointed as Directors. In November 2022, Richard Southern joined the board. Upon appointment, Paul Gratton was the sole Director and all other parties had resigned.
The acquisition of the assets in 2021 was funded by 4Syte who provided the Company with a Confidential Invoice Discounting facility, a Plant and Machinery loan facility and a trade loan facility. 4Syte have the benefit of a debenture granting fixed and floating charges over the Company’s assets and a chattel mortgage over certain assets dated 28 June 2021 and 29 June 2021 respectively.
The Company traded from a leasehold site at Dock Road, Garston, Liverpool on a 10 year lease granted by ABP expiring on 18 December 2025 and employed 10 staff.
Administrators' statement of proposals (2023-08-07) · Companies House register