Bulkglobal Logistics Limited (06551600): administration
- Status
- In administration
- Administration began
- 2024-04-25
- Administrators
- Kikis Kallis, Peter Charalambous, Peter Charalambous
- Administrators' firm
- Kallis & Company
- Incorporated
- 2008-04-01
- Location
- London
- Industry
- 77390 Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Why it went into administration
- Rising costs / inflation
- Supply chain disruption
- Loss of a key customer, supplier or contract
- Property / lease costs
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of the proposals has been prepared based on information provided by the Board of Directors ("the Board") of the Company and not from our personal knowledge as Administrators.
Mr Joerg Ballandat comes from a shipping and forwarding background experienced in tank container operations and has very good contacts in the industry. He joined with J Ouzounian and A Ouzounian and established Bulkglobal Logistics Ltd exclusively as an International Tank container business carrying liquid freight. The business was financed in 2008 by the directors personally and by leasing containers.
Over the years the business has grown from a turnover of circa £1 million to circa £4 million. This growth required some additional equipment and so some containers were purchased whilst the majority were leased in order to satisfy their ongoing requirements. Over the years the Company had contracts with major international companies, including Procter and Gamble, Unilever, Evonic, BASF, etc. In 2017 a contract was negotiated with a major Indian Company, Privi Pvt Ltd (“Privi’) to arrange all their global shipments of tank containers.
Administrators' statement of proposals (2024-06-13) · Companies House register