# Torus Logistical Solutions Limited (08594749)

> Why UK company 08594749 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08594749

- **Status:** Administration ended
- **Administration began:** 2022-03-17
- **Administrators:** Richard Cole, Steve Kenny
- **Administrators' firm:** KBL Advisory
- **Incorporated:** 2013-07-02
- **Location:** Sale
- **Industry:** 78200 Temporary employment agency activities

## Why it went into administration

- HMRC / tax arrears
- COVID-19
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure

## From the administrators' statement

A Statement of Proposals setting out how the purpose of the Administration is to be achieved will be issued to creditors as soon as reasonably practicable and certainly within eight weeks from the date of our appointment. The Joint Administrators are unable to issue the Proposals alongside this SIP16 disclosure because we are still awaiting accurate accounting information which has not yet been received due to poor bookkeeping. However, to assist creditors in understanding the affairs of the Company and the reasons for the pre-packaged sale, a brief history is set out below.

The Company was incorporated on 2 July 2013 with William Mora appointed as the sole Director, Graham Morgan and lan Shepherd were both subsequently appointed as Directors on 1 January 2014. lan Shepherd (“the Director”) remains the sole Director as at the appointment date following the resignations of William More and Graham Morgan on 22 October 2014 and 30 November 2019 respectively.

The Company originally issued 1 Ordinary £1 share which was held by William Mora. A confirmation statement dated 16 April 2014 shows that there were 300 shares in issue with an aggregate value of £1. Each of the directors at that time held 100 shares. lan Shepherd subsequently became the sole Shareholder of the Company on 24 October 2020.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08594749/filing-history/MzMzOTE0MTEwMmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08594749

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.