Swift Access Limited (06668764): administration
- Status
- Administration ended
- Administration began
- 2011-07-22
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2008-08-08
- Location
- Manchester
- Industry
- 9305
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 8 August 2008 and traded from leasehold premises located at Unit 5, Home Farm, West Avenue, Talke, Stoke on Trent, Staffordshire, ST7 1TZ The Company had two directors lan David Mayland, who had previous expenence as a finance director for a previous access hire Company, and Nigel John Sargeant The purpose of the business was to provide the hire of access equipment
The Company initally began trading with a fleet of access hwe equipment, which was acquired predominately via hire purchase agreements, with further hire purchase and finance lease agreements entered into to acquire additional access equipment at later dates
The Company had tn the past supplied equipment to a wide vanety and number of customers, ranging from small to large building projects and more recently two main projects, being the building for Schools and the 2012 Olympics As these projects have reached a stage of near completion the demand for equipment has subsided and as the housing market in general remains quiet, therefore demand for the hire of equipment from this sector has also been quiet
Administrators' statement of proposals (2011-09-20) · Companies House register