Expert Drivers Limited (05935652): administration
- Status
- Administration ended
- Administration began
- 2013-07-23
- Administrators' firm
- FRP Advisory
- Incorporated
- 2006-09-14
- Location
- Manchester
- Industry
- 78109 Other activities of employment placement agencies
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated in 2006 and operated as an employment agency for the drivers of heavy goods vehicles, primarily from leased premises in Deeside, Clwyd The Directors are Anthony Osborne and David Willams, who together own 100% of the Company's voting shares.
Over the last few years, the Company has expenenced a significant amount of new work with annualised turnover rising to £6 million. In order to meet this growth in demand, a number of new depots were opened however due to imaccurate cost assessment the business began generating losses at an operational level
During 2012/2013, the Company also experienced a number of bad debts which placed further stress on the available working capital.
Administrators' statement of proposals (2013-09-17) · Companies House register