# Phoenix Vehicle Hire Ltd (07185531)

> Why UK company 07185531 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07185531

- **Status:** Administration ended
- **Administration began:** 2014-05-07
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2010-03-10
- **Location:** Birmingham
- **Industry:** 77120 Renting and leasing of trucks and other heavy vehicles

## Why it went into administration

- Loss of a key customer, supplier or contract
- Competition / price pressure

## From the administrators' statement

Following the acquisition of the assets of WCR Vehicle Hire Limited (formerly WCR Rental Limited) via a pre-pack Administration in August 2010, Phoenix Vehicle Hire Limited (“PVH" and/or “the Company") provided, via a service contract or on spot hire, refuse trucks and heavy vehicles to local authorities and large national companies The Company operated from leasehold premises in the West Midlands and employed 16 members of staff

The Company hired 65% of its fleet from a wholly owned subsidiary, Municipal Specialist Vehicle Hire Services Limited (CRN 08497174) ("MSVHS’) and an associated company, Municipal Vehicle Supplies Limited (CRN 08518419) (“MVS") MSVHS held a finance agreement with Clydesdale Bank plc and MVS held a finance agreement with HSBC Bank plc The remainder of the fleet was leased directly by the Company from a number of other finance companies

With access to a fleet of 130 vehicles, annual turnover totalled £3m per annum

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07185531/filing-history/MzEwMjk1NzUyNGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07185531

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.