# DRS (EU) Limited (05256549)

> Why UK company 05256549 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05256549

- **Status:** Administration ended
- **Administration began:** 2012-04-26
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2004-10-12
- **Location:** Liverpool
- **Industry:** 49410 Freight transport by road

## Why it went into administration

- Property / lease costs
- Bad debts / customer insolvency
- Sustained trading losses

## From the administrators' statement

In May 2008, R J Jones, a director of an established haulage based in North Wales, acquired DRS which was a failing company for £30,000 Outstanding creditors at this point being £366,000 the number of staff employed 20

The business continued to make losses and these totalled £150,663 to 30 Apnl 2008, £495,953 to 30 Apni 2009, £49,000 30 Apnt 2010 and £242,839 to 30 Apni 20114

The business continued with the support of R J Jones Ltd who have provided working capital in excess of £900,000 It was always the intention of turning the business from loss making into a profitable venture that would in tum create synergies with R J Jones

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05256549/filing-history/MzA1OTc5NzY4MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05256549

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