4 Square (Group) Limited (08119498): administration
- Status
- Administration ended
- Administration began
- 2015-01-29
- Administrators
- Andrew James Nichols, John William Butler
- Administrators' firm
- Metis Partners and Gilbert Baitson
- Incorporated
- 2012-06-26
- Location
- Driffield
- Industry
- 49410 Freight transport by road
From the administrators' statement
The company was reliant upon the transport services of a large national retailer After a year of problems with the contract, (including customer complaints, restricted service and viability issues) necessitating meetings with senior management of the company at which they acknowledged the problems rested with them, arrangements had to be made for a repayment plan in respect of the substantial debt owed by 4SG to the transporter
However despite an improvement in performance the transporter continued to be slow in meeting demand and in raising invoices etc which resulted in further problems The directors of 4SG were increasingly worried regarding the ongoing commitment from the transporter In September 2014 these fears were confirmed when the transporter refused to commit to a large 3 year deal In November the transporter imposed a price increase
Still wanting to expand the business the directors continued to find more customers and future work.
Administrators' statement of proposals (2015-04-07) · Companies House register