ORB Logistics Limited (06788268): administration
- Status
- Administration ended
- Administration began
- 2014-07-28
- Administrators' firm
- Leonard Curtis
- Formerly
- Mission Logistics Limited
- Incorporated
- 2009-01-12
- Location
- Birmingham
- Industry
- 49410 Freight transport by road
Why it went into administration
- Supply chain disruption
- HMRC / tax arrears
- Creditor pressure / legal action
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated on 12 January 2009 but remained dormant unt! August 2013 The current directors of the Company are Stephen Allen and Carl Bowcock The shareholders are Stephen Allen, Carl Bowcock, David Neate, Justin Sparks, Simon Ward and Michael Seabrook
The Company's main activity was freight transport by road A large part of the Company's revenue was generated through a pallet network, however, it also offered warehousing services The Company had 83 staff, which compnsed the 2 directors, along with 6 managers, 24 administrators, 43 drivers, and 8 warehouse staff Of these employees, 65 were based at its larger site in Essex, with the remainder in Birmingham
The Company commenced trading in August 2013, following its purchase of the business and assets of Taskforce Movement and Storage Limited - in administration (“Taskforce”) To support its cashflow, the Company secured confidential invoice financing by ABN AMRO Commercial Finance Plc (“ABN”) with a prepayment rate of 85%
Administrators' statement of proposals (2014-09-18) · Companies House register