S M C Transport Limited (06412704): administration
- Status
- Administration ended
- Administration began
- 2011-07-11
- Incorporated
- 2007-10-30
- Location
- Doncaster
- Industry
- 5010
Why it went into administration
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
The Company became Limited in December 2007, which incurred accountancy fees of £3,000 for the Company The accountancy bills continued to be high, and the Company were informed that no profit was made in the first year of tradmg Thuis pattern continued for the next few years
When the Company first began trading, the fuel price was around 79p per litre The increase in fuel pnces has meant the Company had to raise their prices accordingly with their customers, who in turn began to look elsewhere, mainly at European competitors
As European firms purchase fuel at a lower rate, and have no overhead costs whilst operating in the UK this umpacted heavily on trading These trading conditions have had a detrimental effect on the Company as they were unable to make deliveries to Europe at a lesser cost than pan European hauliers
Administrators' statement of proposals (2011-09-12) · Companies House register