Home Delivery Solutions Limited (06966113): administration
- Status
- Administration ended
- Administration began
- 2024-07-05
- Administrators' firm
- PKF
- Incorporated
- 2009-07-17
- Location
- Birmingham
- Industry
- 49410 Freight transport by road
Why it went into administration
- Loss of a key customer, supplier or contract
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Competition / price pressure
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Sustained trading losses
- Rising costs / inflation
- Supply chain disruption
From the administrators' statement
The Company was incorporated on 17 July 2009 and operated as a leading distributor of mixed freight and was a specialist in handling items of irregular dimensions, weight and fragility (such as fire doors, sofas, outdoor garden products and play equipment). The Company serviced a handful of key customers and was known for its excellent reputation in the marketplace.
The Company’s customers were predominantly the manufacturers’ and retailers’ of the products, and included blue chip retail customers.
The customer base was predominantly built on personal long-standing relationships (specifically with the Director) and remained loyal due to the service provided by the Company. We understand that the Company traded with its customers with no formal contracts in place.
Administrators' statement of proposals (2024-08-20) · Companies House register