Nightline Services Ltd (08774151): administration
- Status
- Administration ended
- Administration began
- 2015-02-18
- Administrators
- Conrad Alan Beighton, Paul David Masters
- Administrators' firm
- Leonard Curtis
- Formerly
- Manta Logistics Ltd
- Incorporated
- 2013-11-13
- Location
- Birmingham
- Industry
- 49410 Freight transport by road
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Bad debts / customer insolvency
- Competition / price pressure
From the administrators' statement
The Company was incorporated in November 2013 and commenced trading in January 2014, from leasehold premises at Unit 15 Carlyon Road, Carlyon Industnal Estate, Atherstone CV9 1LQ, following the purchase of the business and assets of Nightline Logistics Limited (Formerly in administration) from its administrators, P D Masters and me
The Company operated as a logistics and transport company, serving clients across the UK No accounts have been prepared for the Company due to its bref penod of trading
The Company expenenced cash flow pressures despite operating an invoice discounting facility with Aldermore Invoice Finance (‘Aldermore’) and, as a result, liabilities to HMRC and trade creditors accrued, leading to significant creditor pressure This resulted in HMRC issuing a winding-up petition against the Company for non-payment of PAYE and VAT
Administrators' statement of proposals (2015-04-14) · Companies House register