ABG Couriers Ltd (08170257): administration
- Status
- Administration ended
- Administration began
- 2021-08-13
- Administrators
- Jeremy Nigel Ian Woodside, Gary Bell
- Administrators' firm
- Quantuma
- Formerly
- Link Couriers Limited
- Incorporated
- 2012-08-07
- Location
- Manchester
- Industry
- 49410 Freight transport by road
Why it went into administration
- Rising costs / inflation
From the administrators' statement
3.1 As detailed above, the Company’s turnover grew significantly in the year ended 31
December 2020 and has experienced similar levels of annualised turnover for the 5
month period ended 31 May 2021. However, the directors advise that the Company did not have the infrastructure to accommodate such growth, which lead to increased costs for vans, insurance premiums, recruitment, and a hastily assembled management team/structure. Furthermore, whilst demand had increased during FY20, it also fluctuated erratically, and outside of the traditional seasonality of the business (i.e. November to January for Christmas) there were periods where the Company's rented fleet was not generating revenue when demand dropped.
Administrators' statement of proposals (2021-09-04) · Companies House register