# CTS Transport Group Ltd (05008913)

> Why UK company 05008913 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05008913

- **Status:** Administration ended
- **Administration began:** 2024-09-03
- **Administrators' firm:** Mazars
- **Formerly:** Core Transport Limited
- **Incorporated:** 2004-01-07
- **Location:** Milton Keynes
- **Industry:** 49410 Freight transport by road

## Why it went into administration

- COVID-19
- Rising costs / inflation
- Supply chain disruption
- Creditor pressure / legal action
- Property / lease costs
- Over-expansion / investment not recovered
- Sustained trading losses

## From the administrators' statement

The Company was incorporated as Core Transport Group on 7 January 2004, with the purpose of carrying on the business of the movement and storage of containerised goods by freight. It traded from a leasehold premises in Brigstock, Northamptonshire.

In 2016, the co-founder and sole shareholder of the Company made the decision to retire so sought a share sale of the Company. At this time, David Haines was the director and shareholder of a local haulage and tyre company, Central Tyre Salvage Limited and was looking for opportunities to expand this business.

On 8 April 2016, David Haines purchased the shares in the Company and became joint director and shareholder with his wife, Sheren Haines. This purchase was funded by a private loan in the sum of £100,000. The Company continued to grow its operation base as a subcontract haulier following this purchase, developing relationships with a number of haulage providers.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05008913/filing-history/MzQ0MDA3OTA1N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05008913

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.