KNP Logistics Group Limited (07672659): administration
- Status
- Administration ended
- Administration began
- 2023-09-25
- Administrators' firm
- FRP Advisory
- Formerly
- Knights of Old Group Limited
- Incorporated
- 2011-06-16
- Location
- Birmingham
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- HMRC / tax arrears
- Parent or group failure
- Cash flow / liquidity pressure
- Supply chain disruption
- Creditor pressure / legal action
- Cyber attack / IT failure
- Funding withdrawn / unable to refinance
- COVID-19
- Rising costs / inflation
- Bad debts / customer insolvency
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 16 June 2011, originally under the name of Knights of Old Group Limited, for the primary purpose of being a holding company for the investee companies within the Group and managing a freehold investment property.
The Company owns a freehold warehouse property at the former Islip Furnace Site, Kettering Road, Islip, Northampton, NN14 3JW. The property is occupied by Knights, a wholly owned subsidiary of the Company.
The Company and certain subsidiaries (‘the Group”) together operated as a multifunctional distribution business, providing road haulage, supply chain logistics and warehousing throughout the UK and Europe. The Group also incorporated a small driver training business based in the UK.
Administrators' statement of proposals (2023-11-16) · Companies House register