Leeds Warehouse Solutions Limited (08357262): administration
- Status
- In administration
- Administration began
- 2014-04-07
- Administrators
- Sean Williams, Conrad Alan Beighton
- Administrators' firm
- Leonard Curtis
- Formerly
- Warren Logistics Limited
- Incorporated
- 2013-01-11
- Location
- Birmingham
- Industry
- 52103 Operation of warehousing and storage facilities for land transport activities
Why it went into administration
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Property / lease costs
- Weather / natural events
From the administrators' statement
The Company was Incorporated in February 2013 and commenced trading in March 2013 from two leased units at 23 & 24, Millshaw Park Industral Estate in Leeds, offenng warehousing and distnbution sermces to the FastMoving Consumer Goods sector, focussing specifically on filled mineral water bottles and plastic dnnks containers, PET bottles and preforms These were stored and distributed, on a 24/7 basis, to the customers of chents, which were either retail establishments, or manufacturers concemed with filing soft drinks and mineral water The Company's finances were supported by way of a book debt financing agreement provided by Gener8 Finance Limited (GFL")
Initally, the Company traded successfully, with revenues of up to £28,000 per week in the first four months of operations Dunng this penod of high demand, the Company found its existing premises to be too small and opened a third unit on the Latchmore Park Industnal Estate, also in Leeds This was as a result of a number of customers looking to buikt stocks for the antcipated summer seasonal increase in sales A commitment was also received from a customer to utilise the additional space once the summer season was over
Unfortunately, shortly after the expansion, the Company began to expenence difficulties as a result of a heatwave during late July, which caused a dramatic reduction in tumover of around £5,000 per week By August, two of the Company's units were operating at around half capacity whilst the third unit was all but empty as the hot weather drove stocks down to minimal levels
Administrators' statement of proposals (2014-05-27) · Companies House register