JLF Moving Solutions Ltd. (07503497): administration
- Status
- In administration
- Administration began
- 2024-08-22
- Administrators
- Emma Mifsud, Mark Nicholas Ranson
- Administrators' firm
- Opus Restructuring
- Formerly
- Shift Logistics Ltd.; JLF Moving Solutions Limited
- Incorporated
- 2011-01-24
- Location
- Milton Keynes
- Industry
- 49420 Removal services
Why it went into administration
- HMRC / tax arrears
From the administrators' statement
The directors advised that the Company’s trading had been negatively impacted by a number of factors which included the failure of a connected company and, as a result of undertaking a project with another similar business that transpired to be unprofitable but liabilities were taken on directly by the Company. Notice was also given to the landlord of its intended exit and surrender which resulted in the Company being required to find alternative premises in a short timescale and the dilapidations claim that arose as a result of the notice being given.
Alongside the trade creditors incurred and the dilapidations claim from the landlord, the Company could not meet the liability owing to HMRC of which a time to pay was entered into.
The directors approached Allister Manson of Opus Restructuring LLP on 26 June 2024 for advice on the options available to the Company. For details of the various options discussed and considered and the reasons as to why a pre pack Administration was deemed the most appropriate option, please refer to the SIP16 Statement at Appendix IV.
Administrators' statement of proposals (2024-09-05) · Companies House register