Mental Rental Limited (08772092): administration
- Status
- Administration ended
- Administration began
- 2019-03-27
- Administrators
- Gerald Irwin
- Administrators' firm
- MHA
- Incorporated
- 2013-11-12
- Location
- Sutton Coldfield
- Industry
- 77120 Renting and leasing of trucks and other heavy vehicles
Why it went into administration
- HMRC / tax arrears
From the administrators' statement
Mental Rental Limited was incorporated on 12 November 2013 to carry on the business of operating a commercial vehicle and car hire.
Initially the business was involved solely in providing commercial vehicles on short term hire to the local business community in North Birmingham. The Director grew the business to around 30 vehicles by 2015 and by the second half of 2017 the number of vehicles had increased to 180.
A number of vehicles were funded on longer term Hire Purchase (HP) contracts because the business had been able to acquire popular vehicles with attractive discounts. The initial contract with the customer of these vehicles generated an acceptable return.
Administrators' statement of proposals (2019-06-07) · Companies House register