# Paulian Services Ltd (05073978)

> Why UK company 05073978 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05073978

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05073978/filing-history/MzExNDQwMDAyMmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05073978

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