North Notts Logistics Limited (05821698): administration
- Status
- In administration
- Administration began
- 2008-10-21
- Administrators
- John Christopher Sallabank, Paul Robert Boyle
- Administrators' firm
- Harrisons Business Recovery and Insolvency
- Formerly
- Broughtons (2006) Logistics Limited
- Incorporated
- 2006-05-18
- Location
- Reading
- Industry
- 6024
Why it went into administration
- Energy costs
- Supply chain disruption
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 18 May 2006 and on the same day Nige! Broughton (NB‘) was appointed as the sole director. Colin Braziel (‘CB’) joined the Company as director on the 8 November 2007 but later resigned on the 2 October 2008. Anthony Broughton (AB’) was appointed as Company Secretary in May 2006. The Company operated in the freight transport industry.
NB began initially as a sole tradership in 1986 under the name of BDS, due to its expansion NB incorporated the business into a limited company in April 1998 in the name of Broughton Distribution Limited (Broughton’) under company number of 03551479. NB was the director of this company since its incorporation and was later joined by AB as director in June 1999. However, Broughton entered into liquidation on the 26 September 2006.
The Company which was initially incorporated under the name of Broughtons 2006 Logistics Limited placed an offer with the Liquidators of Broughton to purchase the chattel assets, goodwill and intellectual property in the sum of £1,500 which was accepted and the sale took place shortly afterwards. However due to regulations set out in Section 216 of the Insolvency Act 1986 the Company changed its trading name to its present style in June 2006 to before the sale of the business.
Administrators' statement of proposals (2008-12-24) · Companies House register