Oldco Ltd (10907897): administration
- Status
- Administration ended
- Administration began
- 2020-05-11
- Administrators
- Graham Stuart Wolloff, Mark Grahame Tailby
- Administrators' firm
- MT Insolvency
- Formerly
- HPC Operations Ltd; Packetport Ltd; Co 5 Limited
- Incorporated
- 2017-08-09
- Location
- London
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- Sustained trading losses
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of our proposals has been prepared _based on information provided to us by the directors of the Company and not from our personal knowledge as Administrators.
Oldco Ltd was formed on 9'h August 2017 and was setup to be a logistics procurement company ‘along 7#h-randling-Mail-and-Parcels-for-shipment-internally—The-suyscss- was-that it would-combine-parcel volume from multiple clients which would then achieve a lower buying price from suppliers.
The company’s primary lending was funded through its shareholders secured by a charge over the _ Company's assets.
Administrators' statement of proposals (2020-07-14) · Companies House register