Corlux Limited (06216094): administration
- Status
- Administration ended
- Administration began
- 2015-07-03
- Administrators
- Richard Ian Williamson
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2007-04-17
- Location
- Blackpool
- Industry
- 49410 Freight transport by road
Why it went into administration
- HMRC / tax arrears
- Rising costs / inflation
- Energy costs
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was set up as a couner, operating in accordance with a franchise agreement, firstly with DHL Express (UK) Limited (‘DHL’) and later with Rico Logistics Ltd (‘Rico’)
The business has traded reasonably successfully throughout tts existence but saw a dramatic downturn in trade between 2010 and 2012, which culminated tn a net loss of £12,319 for the year ending 30 April 2012 This downturn in trade coincided with a period of uncertainty pnor to the franchise being sold to Rico in 2013 The Company was due to renew the franchise agreement with DHL in 2010, but due to numerous discrepancies with the agreement proposed, the 2010 franchise agreement remained unsigned and despite numerous attempts by the Company, the two parties were
unable to reconcile their differences pnor to Rico taking over
Administrators' statement of proposals (2015-09-02) · Companies House register