Paulian Services Ltd (05073978): administration
- Status
- In administration
- Administration began
- 2014-10-30
- Administrators
- Conrad Alan Beighton, Paul David Masters
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2004-03-15
- Location
- Birmingham
- Industry
- 49410 Freight transport by road
Why it went into administration
- Supply chain disruption
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 15 March 2004 and traded as a haulier ~The Company operated from leasehold premises at Unit 5 Beta Way, Thorpe Industnal Estate, Egham, Surrey TW20 8RN
The Company had latterly suffered cashflow difficulties as a result of being forced to relocate on two occasions The costs of this led the Company to fall behind on some payments and rely on the funding of Hitachi Capital (UK) Ple (“Hitachi”) more than it had previously This included putting a disclosed invoice factoring facility in place, where previously a confidential invoice discounting facility was used
In order to try and support tumover, the Company sublet parts of its premises to a number of other business, however, this was insufficient to allow a recovery In addition, the directors began to suffer from medical problems, partially as a result of the Company's financial position, which further reduced the likelihood of a recovery being achieved
Administrators' statement of proposals (2014-12-30) · Companies House register