From the administrators' statement

3.1 The Company first began to experience significant issues in 2024 in which it incurred a significant bad debt due to a customer entering into Liquidation. Additionally, the Company had recently leased new premises and a warehouse in order to facilitate this client’s storage demands and due to this customer ceasing to trade, the Company was left in a position where it now had significant overheads and no customer that required such a large storage space.

3.2 In response to this issue, a connected company, Paul White Holdings Limited, repaid a loan of £800,000 in order to assist with the Company’s cash flow. Evidence of this repayment has been provided to the Administrator.

3.3 The Company also tried to turn its position around by obtaining new contracts and tendered for a very large contract with the same UK wide delivery company, which would have doubled turnover and thus meant the Company was able to repay its debts.

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Strata Logistics Ltd (09043761)

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