# S M C Transport Limited (06412704)

> Why UK company 06412704 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06412704

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06412704/filing-history/MzA0MzYzNTAzNmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06412704

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.