RJP Logistics Ltd (07650513): administration
- Status
- Administration ended
- Administration began
- 2012-05-23
- Administrators
- Paul Robert Boyle, David Michael Clements
- Administrators' firm
- Harrisons Business Recovery and Insolvency
- Incorporated
- 2011-05-27
- Location
- Reading
Why it went into administration
- Cash flow / liquidity pressure
- Property / lease costs
From the administrators' statement
The Director has stated that for the three years prior to the Company’s incorporation, she had worked for Arrow Express Couriers Limited (AEC’) AEC specialised in logistics and storage operations, and was owned and operated by Richard England (‘RE’), who had decided in early 2011 that he wanted to step back from the business in order to concentrate on other interests
The Director has stated that she formed the Company to take over the business of AEC, the acquisition being effected by setthng the debts of AEC and novating its contracts with customers and asset funders The Company commenced trading immediately upon completion of the acquisition, thus ensuring continuity of trade with alt clents Initial funding was provided by the Director personally, and trading continued from AEC’s former premises at Unit 5, Burlington Business Park, 1 Station Road, Foxton, Cambridgeshire, which the Company appears to have occupied by way of an informal sub-let from AEC, with monthly rent of £600 being paid directly to the landlord.
The Company continued to trade in the storage and logistics industry for the duration of trading, and for a six month period also undertook parcel delivery, this side of the business being operated within the UPN parcei delivery network, providing a steady source of business
Administrators' statement of proposals (2012-07-19) · Companies House register