Port Centric Services Ltd (09329272): administration
- Status
- Administration ended
- Administration began
- 2018-06-15
- Administrators' firm
- Williams & Partners
- Incorporated
- 2014-11-26
- Location
- London
- Industry
- 52103 Operation of warehousing and storage facilities for land transport activities
Why it went into administration
- Loss of a key customer, supplier or contract
- Property / lease costs
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 26 November 2014 by BAP Group Limited with the objective of providing handling and storage services from dedicated warehouse locations on the Port of Felixstowe (“the Port”), exclusively to B.A.P. Transport Limited.
B.A.P. Transport Limited, a company wholly owned by BAP Group Limited, had been engaged as a transport fleet operator and service provider utilising facilities provided by the Port since 2002.
In 2015 the requirements of B.A.P. Transport Limited’s major customer changed which necessitated the acquisition of dedicated warehouse locations on the Port and it was decided at this time to incorporate a company to hold the lease and to provide storage and handling services to B.A.P. Transport Limited in relation to the contract with its major customer.
Administrators' statement of proposals (2018-07-25) · Companies House register