Sprintshift Commercial Vehicle Hire Ltd (04350049): administration
- Status
- In administration
- Administration began
- 2025-12-18
- Administrators
- Gareth David Wilcox, Emma Mifsud
- Administrators' firm
- Opus Restructuring
- Formerly
- Panic Trucks Logistics Ltd; Sprintshift Ltd
- Incorporated
- 2002-01-09
- Location
- Milton Keynes
- Industry
- 49410 Freight transport by road
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
Before the commencement of the Administration, Opus Restructuring LLP (“Opus”) acted as advisors to Novuna in relation to its enforcement options having received Notice of the Company’s intention to appoint an Administrator. Efforts were made to liaise with the Company’s directors and their choice of insolvency practitioners, Horsfields Ltd (“Horsfields”). However, Opus nor Novuna were able to engage in any meaningful dialogue with the directors and therefore were not able to discuss any alternative options that may have been available to the Company.
Having discussed the enforcement options open to Novuna, it concluded that it wished to make an appointment of Joint Administrators under the provisions of its security. This was as opposed to the alternative of allowing the director’s appointment to proceed, which was the only likely alternative in the current situation.
For the avoidance of doubt, neither Opus nor its insolvency practitioners advised the directors personally or any parties connected with the purchaser, who were encouraged to take independent advice. At all times prior to Administration, the Board of Directors remained responsible for and in control of the Company’s affairs.
Administrators' statement of proposals (2026-02-13) · Companies House register