Parking Logistics Holdings Limited (05270496): administration
- Status
- Administration ended
- Administration began
- 2013-11-27
- Administrators' firm
- Kroll
- Formerly
- Holiday Extras Holdings Limited; Loftsite Limited
- Incorporated
- 2004-10-26
- Location
- London
- Industry
- 96090 Other service activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
- Weak consumer demand
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
From the administrators' statement
Statutory information on the Companes and a summary of their financial! history is included at Appendix 1
The Companies formed part of a corporate group which operated in the holiday and leisure industry The main economic activity of the group was undertaken by AML, which managed offairport car parking facilities at the Premises
AML operated from the Premises under the Management Agreements and Land Costs represented the largest cost of AML AML had one major customer which provided over two thirds of AML’s revenue according to management accounts
Administrators' statement of proposals (2014-01-17) · Companies House register