247 Transporter Ltd (08040348): administration
- Status
- Administration ended
- Administration began
- 2016-09-02
- Administrators
- Paul M Davis, Frederick Charles Satow
- Administrators' firm
- MHA
- Formerly
- The Parcel MAN (Haulage) Ltd; Odra Wholesale Limited
- Incorporated
- 2012-04-23
- Location
- London
- Industry
- 49410 Freight transport by road
Why it went into administration
- Management failings / irregularities
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 23 April 2012 under the name Odra Wholesale Limited but changed Its name at Companies House to Parcel Man (Haulage) Ltd on 6 August 2014 It changed its name to Its present title of 247 Transporter Ltd on 10 February 2016 The reasons for the changes are unknown It is unclear when the Company commenced trade as all accounts submitted to Companies House to 30 April 2015 state that the Company was dormant The Director, Mr Riaz Ellahi, has failed to co-operate with the office holders but tt can be assumed that trade started sometime after 30 April 2015
The Company created a charge on 2 October 2014 which was registered at Companies House on 7 October 2014 giving a Debenture on the Company's assets to Lloyds Bank Commercial Finance Ltd (“Lloyds”) Services provided by Lloyds include invoice factoring The Debenture in Lloyds’ favour was satisfied on 25 February 2016 No further information surrounding either the original charge, its purpose, or its satisfaction has been provided
On 24 May 2016 a Debenture was created by the Company in favour of Aldermore Bank Plc (‘Aldermore”) and was registered at Companies House on the same day This charge granted Aldermore a fixed and floating charge over all the property or undertaking of the Company Aldermore provided invoice factoring services to the Company
Administrators' statement of proposals (2016-11-08) · Companies House register