Momentum Coach Hire Ltd (05598382): administration
- Status
- Administration ended
- Administration began
- 2014-01-30
- Administrators' firm
- Harrisons Business Recovery and Insolvency
- Formerly
- MY Company Momentum Limited; Fest Limited
- Incorporated
- 2005-10-20
- Location
- Reading
- Industry
- 49390 Other passenger land transport
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 20 October 2005 and carried on business as a coach trip booking portal, website and telesales operation from premises at Unit 16 Grove Business Park, White Waltham, Berkshire, SL6 3LW.
After a period of satisfactory trading, the business started experiencing severe cash flow
difficulties in recent months, following a change in the payment terms requested by their
Administrators' statement of proposals (2014-03-24) · Companies House register