Stones Distribution Ltd (07683088): administration
- Status
- In administration
- Administration began
- 2026-01-02
- Administrators
- Glyn Mummery, Julie Humphrey
- Administrators' firm
- FRP Advisory
- Incorporated
- 2011-06-27
- Location
- Brentwood
- Industry
- 52290 Other transportation support activities
Why it went into administration
- COVID-19
- HMRC / tax arrears
- Energy costs
- Supply chain disruption
- Brexit
From the administrators' statement
The Company specialises in supplying a palletised freight distribution service into the haulage sector across the UK and mainland Europe.
In April 2019, the Ultra Low Emission Zone (ULEZ) started in central London, due to which the Company had no option but to replace its fleet, resulting in an investment by the directors at around £1m over the years.
Between 2019 and 2022, SDL saw an increase in fuel costs and a shortage of drivers in the market as a direct result of Brexit, as well as an increase in wage bills. Throughout 2020 to 2022, the Covid-19 Pandemic hit the UK and the profit margins tightened as a result of spiralling costs due to macroeconomics.
Administrators' statement of proposals (2026-01-16) · Companies House register