Total Logistics Fleet Limited (08804409): administration
- Status
- Administration ended
- Administration began
- 2017-08-30
- Administrators
- Scott Christian Bevan, Patrick Alexander Lannagan
- Administrators' firm
- Mazars
- Incorporated
- 2013-12-06
- Location
- Gildersome
- Industry
- 49410 Freight transport by road
Why it went into administration
- Rising costs / inflation
- Energy costs
- Supply chain disruption
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 6 December 2013. It operated as a logistics company specialising in road haulage and freight forwarding. The Company operated from its parent company’s leasehold premises at Unit 6, Tannery Close, Rugeley, Staffordshire and typically covered the whole of the UK.
The Company’s turnover had been declining over recent months. The business did not have an order book but would instead bid for jobs on a specialist online system as and when they received notifications of work being available. This meant that the business was unable to predict future income and had to be competitive with its pricing which lead to difficulties meeting its overheads, especially rising fuel costs.
Hitachi became increasingly concerned about the Company’s viability going forward and its deteriorating sales ledger and contacted Mazars LLP on 3 July 2017 to discuss its concerns.
Administrators' statement of proposals (2017-10-30) · Companies House register