From the administrators' statement

3.1 The Company came under strain when the United Kingdom decided to leave the European Union (“EU”). The decision to leave the EU had a direct effect on the number of quality workers available for hire, particularly drivers. As a result, the Company was forced to hire less skilful individuals, which led to an increase in accidents.

3.2 The Company was forced to cease trading when the Company’s insurance brokers revoked the Company’s insurance cover, with immediate effect, at the beginning of Apri] 2018. This meant that the Company was unable to make deliveries or move stock between the Company’s premises.

3.3 The directors endeavoured to provide a quick solution and find alternative insurance cover, however, after just over a week they were still unable to source insurance.

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European Furniture Promotion Ltd (09589273)

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