LMP Truck and Trailer Repairs Limited (07100290): administration
- Status
- Administration ended
- Administration began
- 2013-02-22
- Incorporated
- 2009-12-10
- Location
- Sheffield
- Industry
- 45200 Maintenance and repair of motor vehicles
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 10 December 2009 and began trading shortly thereafter as providers of repair services of commercial vehicle fleets It operated various sites tn Irlam, Manchester
Initally, the business was profitable and the Company moved to larger premises which enabled it to source larger contract work However, during 2012, a large customer changed the way in which it ordered work to be undertaken, which in turn resulted in a dramatic reduction in the Company’s turnover As a result the business soon began to experience cashflow difficulties
The Company banked with HSBC Bank ple It did not operate with any overdraft facility but had usage of a loan, of which there Is currently a balance outstanding of £15,914 72
Administrators' statement of proposals (2013-04-12) · Companies House register