# Cricklewood Carriers CAB Company Limited (05064072)

> Why UK company 05064072 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05064072

- **Status:** In administration
- **Administration began:** 2024-11-20
- **Administrators:** Matthew Richards, Robert Young
- **Administrators' firm:** Azets
- **Incorporated:** 2004-03-04
- **Location:** London
- **Industry:** 49320 Taxi operation

## Why it went into administration

- COVID-19
- Funding withdrawn / unable to refinance
- Property / lease costs
- Sustained trading losses
- Rising interest rates

## From the administrators' statement

CCCC was incorporated on 4 March 2004, formed by Sheldon Posner. In November 2018, 100% of CCCC’s share capital was purchased by the current owner, Ibrar Rahim, via a 100% owned management company, CCMC. CCMC was incorporated on 12 October 2018, formed by Ibrar Rahim, who personally owns 100 % of the share capital. CCMC operates as the holding company of CCCC and L&G.

CCCC’s primary trade was to rent black taxis to London-based licensed taxi drivers. CCCC rented a garage on Edgware Road and had 11 employees before the onset of the Administration. The Edgware Road premises includes repair and maintenance facilities, a service which was also offered by CCCC to its fleet of cars and drivers. Prior to administration, CCCC had a fleet of 241 taxis, 82 of which were owned by CCCC outright. The remaining 159 taxis were held on hire-purchase finance taken out through a variety of lenders.

With the introduction of stricter-environmental regulation in London, including the ULEZ scheme, conversion and retrofit services were offered by CCCC. CCCC’s taxi fleet comprised of a mixture of conventional diesel and petrol taxis as well as newer electric taxis. Advertising revenue was also made by CCCC, but this was small in comparison to other revenue streams (1.4% of revenue in FY24).

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05064072/filing-history/MzQ0NDk2MTQ3NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05064072

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