Searon Logistics Limited (06749607): administration
- Status
- Administration ended
- Administration began
- 2017-08-08
- Administrators
- Christopher Nigel Mckay, Andrew Mctear
- Administrators' firm
- FRP Advisory
- Incorporated
- 2008-11-14
- Location
- Norwich
- Industry
- 49410 Freight transport by road
Why it went into administration
- HMRC / tax arrears
- Sustained trading losses
- Regulatory change or action
- Loss of a key customer, supplier or contract
- Property / lease costs
From the administrators' statement
Searon Logistics Limited was incorporated in November 2008 and commenced trading in February 2009. The first year of trading was tough as the global financial crisis had caused the industry to collapse but the company was fortunate it had low overheads and were able to use sub-contractors.
In the first year to March 2010 the company achieved a profit of £104,884. It had already moved office as they had to take on two additional staff and the business was growing.
In 2011 the company had to move office again as the business continued to expand this time to premises with a yard for parking vehicles. By this time the company owned 20 vehicles and in year ended March 2012 made a profit of £208,851.
Administrators' statement of proposals (2017-10-04) · Companies House register