ETR Logistics Limited (10592963): administration
- Status
- Administration ended
- Administration began
- 2019-09-27
- Administrators
- Joanne Louise Hammond, Kris Anthony Wigfield
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2017-01-31
- Location
- Sheffield
- Industry
- 53201 Licensed carriers
Why it went into administration
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
The Company traded as a logistics company based in Burton upon Trent, with a fleet ranging in capacity from 3.5 tonne vans to 44 tonne trucks, dealing with client transport needs, general haulage, events transportation, and European haulage. The Company’s purpose was to transport goods on behalf of customers across the UK and Europe. The Company traded from two locations at Cannock and Burton upon Trent. The Cannock site has a public weighbridge on-site and the Company had storage space available in the warehouse at their Burton depot. The Company was formed by Darren Coggins, who was the main investor in the business. Tom Robathan was appointed as a Director and Transport Manager in February 2017 to deal with the day to day running of the business. After a year in this position, Darren Coggins transferred 25% of the Company's shares to Tom Robathan. At this point the shares were only worth a nominal value.
The objective was to develop and grow the business into a profitable enterprise. Contracts were in the pipeline with Royal Mail which would have yielded high profit margins.
In order to service the contract with the Royal Mail, and other contracts, a team of 5 people were employed by the Company who had previously worked at Bibby Distribution. It was hoped that the introduction of the employees from Bibby Distribution would give the Company the capacity to deal with the Royal Mail contract and result in the introduction of new clients to the Company as a result of contacts made in their previous roles.
Administrators' statement of proposals (2019-11-01) · Companies House register