# Transflex Vehicle Rental Limited (07841788)

> Why UK company 07841788 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07841788

- **Status:** Administration ended
- **Administration began:** 2018-04-16
- **Administrators:** Fiona Livingstone Taylor, Colin Peter Dempster
- **Administrators' firm:** EY
- **Formerly:** Lakeside House (No 128) Ltd
- **Incorporated:** 2011-11-10
- **Location:** Manchester
- **Industry:** 77110 Renting and leasing of cars and light motor vehicles

## Why it went into administration

- Cash flow / liquidity pressure
- Parent or group failure
- HMRC / tax arrears
- Sustained trading losses
- Competition / price pressure
- Loss of a key customer, supplier or contract

## From the administrators' statement

The Company. incorporated in January 2012, was a leading provider of commercial vehicle hire, sales and services across England with a head office in Stockton, and other bases in Buckingham, Manchester and Bristol.

The Company rented out a fleet of around 3,500 vans and cars to a broad customer base across a diverse range of sectors. These vehicles are subject to finance vehicle contracts ("FVC") in favour of a number of lenders.

Equistone Private Equity (‘EPE”) acquired a majority stake in T.O.M Group Limited (‘TGL”) tn December 2016 which subsequently enabled the acquisition by TGL of the Company in August 2017.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07841788/filing-history/MzIwNjUwMTc2OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07841788

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.