# Destination Courier Services Limited (05187540)

> Why UK company 05187540 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05187540

- **Status:** Administration ended
- **Administration began:** 2016-07-25
- **Administrators' firm:** Foulds Ingham Associates
- **Incorporated:** 2004-07-22
- **Location:** London
- **Industry:** 53201 Licensed carriers

## Why it went into administration

- Property / lease costs
- Rising costs / inflation
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
- Regulatory change or action
- Competition / price pressure

## From the administrators' statement

The Company was formed in 2004 as a couner Company It traded in the Greater London area primarily covering the North Circular Road. The Company traded from leasehold premises situated at Unit 10, Quebec Whari,14 Thomas Road, London £14 TAF The landlord was Etcetera Construction Limited. The rent payable was £4,200 per month and at present there is £23,000 arrears The Company's founder directors were Don Cuozzo and Jane Ban

The Company traded profitably up to July.2015 However, after this penod there was a major falling out whereby Mr Cuozzo was suspended and reinstated after which two of the other directors left in February 2016 and Mr Cuozzo was left as sole director and shareholder This period of management deadiock made the business struggle. in addition, one of its mayor customers decided

to move their custom elsewhere

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05187540/filing-history/MzE1Nzg5MjU3MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05187540

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