J.B.Osborne & SON (Haulage) Ltd (07422887): administration
- Status
- Administration ended
- Administration began
- 2013-10-03
- Administrators
- S Williams, Philip Deyes
- Administrators' firm
- Leonard Curtis
- Formerly
- Simple Transport Solutions Ltd
- Incorporated
- 2010-10-29
- Location
- Leeds
- Industry
- 49410 Freight transport by road
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Supply chain disruption
- Creditor pressure / legal action
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated on 29 October 2010 The Company's main source of funding was an \nvaice finance agreement with Lloyds TSB Commercial Finance
The principal trading activity of the Company was road freight haulage, the Company operated mainly on a sub contract basis
The Company operated largely on an order by order basis The Company utilised a finance agreement with Close Asset Finance (“Close”) to purchase the majority of its vehicles
Administrators' statement of proposals (2013-11-28) · Companies House register