Logistics Group Limited (07950784): administration
- Status
- Administration ended
- Administration began
- 2024-03-22
- Administrators
- Daniel James Mark Smith, Daniel Francis Butters
- Administrators' firm
- Teneo
- Formerly
- Yodel Logistics Limited
- Incorporated
- 2012-02-15
- Location
- Birmingham
- Industry
- 52290 Other transportation support activities
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The Company is the borrower under a senior facilities agreement (“SFA”) with the Secured Creditor dated 14 December 2012.
The SFA is secured by way of fixed and floating charges over the assets of the Company and the wider Group (further details of the charges granted are provided on page 13).
The balance due under the SFA at the time of the Joint Administrators’ appointment was £143.5m.
Administrators' statement of proposals (2024-05-26) · Companies House register