Lane Cornish Limited (10365043): administration
- Status
- Administration ended
- Administration began
- 2020-02-19
- Administrators
- Yiannis Koumettou, Amie Johnson
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2016-09-08
- Location
- London
- Industry
- 70229 Management consultancy activities other than financial management
Why it went into administration
- HMRC / tax arrears
- Brexit
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company was incorporated on 8 September 2016 and is owned and operated by Mr Daniel Crossley, Mr Matthew Crossley and Mr Robert Dobek who are the directors and major shareholders and responsible for the day to day running of the business. The Company operated supplying staff to the healthcare, educational & technical sectors based at leased premises at White Lund Industrial Estate, Morecambe. At the time of the Administrators appointment, the Company employed 10 directly employed staff, 10 self-employed sub-contractors and, had 100 temporary workers engaged.
In the main the Company operated supplying temporary staff whom are HGV and LGV drivers and warehouse operatives 30% of which are supplied to clients with operations in the Republic of Ireland. During 2018 the Company experienced a 25% upsurge in level of staff required to be supplied. The Company believes this was due to companies in Ireland stockpiling goods in anticipation of Brexit. This was an exceptional event and turnover has now dropped substantially below the levels received during 2018.
During 2019 the surge of work experienced in 2018 did not continue. The Brexit negotiations had a significant detrimental impact on the business, but also on the industry generally as the need for temporary drivers by irish Hauliers decreased. The Company lost two of its main clients during this time and a third ofthe Company's remaining clients reduced their spend by 50%.
Administrators' statement of proposals (2020-09-09) · Companies House register