S P Holding Limited (06726429): administration
- Status
- Administration ended
- Administration began
- 2016-05-17
- Administrators
- Mark Malone, Gareth Prince
- Administrators' firm
- Begbies Traynor
- Formerly
- S P Holding Drainage Services (North West) Limited
- Incorporated
- 2008-10-17
- Location
- Birmingham
- Industry
- 45200 Maintenance and repair of motor vehicles
Why it went into administration
- Loss of a key customer, supplier or contract
- Parent or group failure
From the administrators' statement
S P Holding Limited was previously registered as Trarler Care Limited and traded as a vehicle workshop in Willenhall The company undertook vehicle maintenance work, principally for one main customer Dunng 2014 the company was under investigation by VOSA for actions undertaken during the period January 2012 to July 2012 As a result the main customer terminated tts contract with the Company Mr Holding, following the investigation and subsequent Court heanng, pleaded guilty to knowingly atding and abetting drivers to falsify records, and paying drivers for exceeding their hours against the Drivers Working Time Directive Mr Holding recerved a custodial sentence and was placed under a Restraint Order
Following the termination of the contract the Company became an administrative centre to the other companies within the group +The Company was also party to a cross guarantee in respect of a secured debt
As a result of the Administration of the other companies within the group the Company was rendered insolvent
Administrators' statement of proposals (2016-07-16) · Companies House register