Park Royal Haulage Limited (04808522): administration
- Status
- Administration ended
- Administration began
- 2017-08-17
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2003-06-24
- Location
- Manchester
- Industry
- 08990 Other mining and quarrying n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
- Loss of key people
From the administrators' statement
The Company was incorporated on 24 June 2003 and commenced to trade thereafter. The Company was part of the Park Royal Group of Companies.
The Company traded from premises at Borden Way, Croft Lane, Hollins Vale Bury, BL 8QQ, being the office premises, and Whinney Hill Quarry, Accrington, Lancashire. The principal trading activity of the Company was as a commercial supplier of aggregates and plant/ wagon hire within the civils and construction industries. The Company employed 27 staff shortly prior to our appointment.
The Company has historically been funded by way of an overdraft facillty provided by Natwest, who hold security by way of a debenture created on 22 July 2003. The Company also previously held assets subject finance agreements,
Administrators' statement of proposals (2017-10-31) · Companies House register