# J.B.Osborne & SON (Haulage) Ltd (07422887)

> Why UK company 07422887 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07422887

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07422887/filing-history/MzA4OTY2MjMxNmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07422887

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