Anglia Recovery Ltd (06459794): administration
- Status
- Administration ended
- Administration began
- 2022-04-07
- Administrators
- Andrew Mctear, Joanna Watts
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2007-12-27
- Location
- Norwich
- Industry
- 52290 Other transportation support activities
Why it went into administration
- Property / lease costs
- COVID-19
- Energy costs
- Loss of a key customer, supplier or contract
From the administrators' statement
The business started in the 1990's and operated as a sole trade run by Andrew Wood from his home address. The nature of the business was vehicle recovery for both the general public and corporate clients such as The AA, Green Flag and the Norfolk Police. Following a period of successful trading Mr Wood personally took on a lease for a premises located in 8 George Edwards Road, Fakenham, NR21 8NL. and it was this location that the Company began to trade from following its incorporation in December 2007. Andrew Wood was the sole shareholder and director of the Company at this time.
The Company continued to build its customer base and made the decision to take on an additional premises located at Unit 24, Bowthorpe Employment Area, Morgan Way, Norwich. This was used solely by Norfolk Police as a secure storage facility and Scenes of Crime (“SOCO’) bays were built into the unit to enable officers to carry out examinations of vehicles which had either been seized as part of criminal investigations or removed from the sites of road traffic collisions, Shortly after two additional units at Morgan Way were taken on.
Over the years the Company gained many ‘breakdown club’ clients such as The AA, LV = Britannia Rescue and AXA Assistance with the largest client being Green Flag. Following a contract tender process in 2018 new rates were provisionally agreed with Green Flag and so the Company purchased 8 new vehicles on finance in order to meet the demands under the contract. Unfortunately, a dispute subsequently arase between the Company and Green Flag after the client failed to honour the revised rates leaving the Company without the means to cover the additional costs of the finance but still having to provide the services agreed.
Administrators' statement of proposals (2022-05-18) · Companies House register