Truck and Trailer (Blackburn) Ltd (06401030): administration
- Status
- In administration
- Administration began
- 2009-10-22
- Administrators
- Kirankumar Mistry
- Administrators' firm
- Grant Thornton
- Incorporated
- 2007-10-16
- Location
- Leicester
- Industry
- 5030
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
4.2
4.3
As mentioned, the Company was set up by the original Directors in late 2007, commencing trading immediately. Funds to support trading largely arose in the form of the debtor financing arrangement with Lloyds TSB Commercial Finance Ltd (“Lloyds TSB”), but this ultimately proved insufficient to meet the ongoing cash needs of the business.
Administrators' statement of proposals (2010-01-04) · Companies House register