Donnelly Equipment Rental Limited (08353714): administration
- Status
- Administration ended
- Administration began
- 2017-05-16
- Administrators
- Richard Howard Toone, Craig Povey
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2013-01-09
- Location
- Birmingham
- Industry
- 77320 Renting and leasing of construction and civil engineering machinery and equipment
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
3.1 In May 2017, the Company was served with a winding up petition, and the director took the decision to seek professional insolvency advice. Notices for the Company to be placed into Creditors’ Voluntary Liquidation were circulated to creditors on 5 May 2017.
3.2 Following receipt of the notice, and discussions with the Company’s director, the Company’s secured creditor, Ultimate, sought to appoint Administrators over the Campany, with a view to protecting the assets subject to their security. Craig Povey and Richard Toone of CVR Global LLP were duly approached to act in this regard.
3.3. On 16 May 2017, Craig Povey, and Richard Toone of CVR Global LLP were appointed Joint Administrators of the Company following the filing of a Notice of Appointment of Administrators by solicitors acting for Ultimate.
Administrators' statement of proposals (2017-07-06) · Companies House register