Bridgetime Transport Limited (04504602): administration
- Status
- In administration
- Administration began
- 2024-01-29
- Administrators
- Katrina Jane Orum, Huw Powell
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2002-08-06
- Location
- Cardiff
- Industry
- 45200 Maintenance and repair of motor vehicles
Why it went into administration
- HMRC / tax arrears
- Sustained trading losses
- COVID-19
- Rising costs / inflation
- Loss of a key customer, supplier or contract
- Supply chain disruption
- Creditor pressure / legal action
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated on 6 August 2002 with Robert Evans and William Smith appointed as the Company’s directors shortly after. Mr Smith subsequently resigned as a director on 22 January 2018.
The Company was initially established as a small family run general haulage business, but expanded into a logistics provider, international haulier and forwarding agent with a fleet of over 100 articulated and rigid vehicles and almost 100 employees following the acquisition of an APC depot in 2017.
The Company traded from freehold premises at Unit 2b, Ty Coch Industrial Centre, Ty Coch Way, Cwmbran and leasehold premises at Unit 2, Ty Coch Industrial Centre, Ty Coch Way, Cwmbran and Unit 11 Blaenwern, Avondale Industrial Estate, Cwmbran. Unit 2b was used as a yard and garage for the fleet, Unit 2 as offices, a yard and for warehousing and the Company’s APC business was run from Unit 11.
Administrators' statement of proposals (2024-02-10) · Companies House register