Cooperson (05089156) Limited (05089156): administration
- Status
- Administration ended
- Administration began
- 2015-01-26
- Administrators' firm
- Insolvency Practitioners of Silke & Co
- Formerly
- Cooperson Transport Limited
- Incorporated
- 2004-03-31
- Location
- Doncaster
- Industry
- 49410 Freight transport by road
Why it went into administration
- Creditor pressure / legal action
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated in 2004, following the acquisition of Phillip Cooper's sole trader business The Company was initially funded by factonng its book debts to help with the required initial working capital
The Company traded successfully until 2010 when the pnnciple director Phillip Cooper suffered a serious stroke and was taken away from the business for two years During this time the director’s son, Richard Cooper, took over the running of the Company
In October 2011 the Company acquired a large contract with an existing regular client The job was priced incorrectly and the Company's resources were vastly stretched The Company began to lose money and fall behind on payments
Administrators' statement of proposals (2015-04-01) · Companies House register