Simon Widdowson Limited (04456126): administration
- Status
- Administration ended
- Administration began
- 2018-12-21
- Administrators
- Claire Elizabeth Dowson, Gareth David Rusling
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2002-06-06
- Location
- Sheffield
- Industry
- 49410 Freight transport by road
Why it went into administration
- Energy costs
- Supply chain disruption
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Sustained trading losses
From the administrators' statement
The Company was incorporated in June 2002 by the incumbent management, Derek and Simon Widdowson. Trading from leased premises at Units M & N, Haydock Cross, Kilbuck Lane, St Helens, WA11 9UX, the Company traded as a family run storage and distribution company and employed 36 staff, including the 2 directors.
Over the years the Company secured various customers who required goods to be stored and distributed to a number of supermarkets.
Having generally made profits, in 2015 the decision was made to open a freight forwarding division. Unfortunately it quickly became apparent that this division was not profitable and therefore this side of the business ceased trading in March 2018. Significant payments had however been made to sub contractors in relation to the period of trading which impacted heavily on the Company's cashflow.
Administrators' statement of proposals (2019-02-09) · Companies House register