IAN Aldridge Transport Limited (09337599): administration
- Status
- Administration ended
- Administration began
- 2019-07-24
- Administrators
- Simon Edward Jex Girling, Christopher Marsden
- Administrators' firm
- BDO
- Incorporated
- 2014-12-02
- Location
- Bristol
- Industry
- 49410 Freight transport by road
From the administrators' statement
The Company was incorporated on 2 December 2014 and operated a road haulage business, together with a garage providing servicing and MOT’s based in Launceston.
The Company had suffered from poor trading conditions and the resultant pressure on working capital facilities, resulting in Lloyds Bank plc formally introducing BDO LLP to the Company in May 2019.
The Directors recognised that without investment the Company could not trade beyond the short term. BDO LLP were instructed to commence an Accelerated Merger & Acquisition process (‘AMA’) process to seek interest for a possible investment in or sale of the business.
Administrators' statement of proposals (2019-09-13) · Companies House register