OPX Logistics Limited (10642736): administration
- Status
- Administration ended
- Administration began
- 2024-06-05
- Administrators' firm
- Leonard Curtis
- Formerly
- OPX International Limited; Opex Retail Limited; STS Retail Limited
- Incorporated
- 2017-02-28
- Location
- Bristol
- Industry
- 49410 Freight transport by road
Why it went into administration
- COVID-19
- Supply chain disruption
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Sustained trading losses
From the administrators' statement
The Company was incorporated in February 2017 as STS Retail Limited to be a diversification of the already established supply chain recruitment business Second Tier Support Limited. The Company was set up to operate as a haulage business, predominately servicing supermarkets and other large retailers, with a fleet of hired-in lorries.
In early 2018, the Company changed its name to OPEX Retail Limited as part of rebrand with the connected recruitment company (then known as OPEX Personnel Limited) and proceeded to have several years of fairly profitable trading and significant business growth.
In March 2020, the group went through another rebrand and the Company became known as OPX International Limited. Despite the financial challenges posed by the onset of the Covid19 pandemic, the Company’s annual turnover grew by over £4m during this period.
Administrators' statement of proposals (2024-07-15) · Companies House register