Fleetstyle Distribution Limited (07540622): administration
- Status
- Administration ended
- Administration began
- 2017-09-11
- Administrators
- Huw Powell, Julie Anne Palmer
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2011-02-23
- Location
- Southampton
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Loss of a key customer, supplier or contract
- Competition / price pressure
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Director, Chris Downing (“CD”) started Fleetstyle in 1991. Fleetstyle Distribution historicaily has been a specialist distributor and warehouse provider for products aligned to the garment industry. It is a major contractor to the international parcels and goods distribution company TNT, bringing in every night full containers and then distributing to small outlets using smaller vehicles.
The market for this specialised distribution of garments had slowly shrunk due to the clothes being imported in boxes and shipped fiat pack rather than on hanging rails. The business needed to expand and broaden its capabilities. In 2001 an opportunity was taken to acquire the Hellman’s Parcels UK franchise which resulted in the acquisition of additional vehicles and staff.
Following the liquidation of Hellman’s in 2005 the business became the Swansea and West Wales Hub for a pallet network called The Paliet Network (“TPN”). This has grown well and currently 130 pallets are shipped in and out nightly to the central hub.
Administrators' statement of proposals (2017-10-02) · Companies House register