Duchy Plant Hire Ltd (11146047): administration
- Status
- Administration ended
- Administration began
- 2024-03-25
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2018-01-11
- Location
- Northampton
- Industry
- 77320 Renting and leasing of construction and civil engineering machinery and equipment
Why it went into administration
- HMRC / tax arrears
- Bad debts / customer insolvency
- Cash flow / liquidity pressure
- Management failings / irregularities
From the administrators' statement
The Company was incorporated on 11 January 2018 and Mr Jamie Shelton (“JS”) was appointed as the sole director. The Company provided plant hire to the South of the country and trading began successfully as the Company grew year on year, priding itself on good customer service and high standards for which it was commended by the traffic commissioner. The Company initially grew organically on merit and built a solid customer base.
Mr Simon Foxhall (“SF”), who was initially JS’s accountant, began working with the Company to assist with its finances and ultimately became appointed the finance director on 7 July 2023. Mr Lawrence Poole (“LP”) was also appointed as a director on the same date. LP was appointed as the operations director, being responsible for purchasing and dealing with funders. (LP subsequently resigned as a director in December 2023). JS focused on pushing high standards for the Company and its customer services, as well as further growth and new opportunities for the Company.
Further expansion became possible and started to occur upon the appointment of an employee at the beginning of 2022, who brought substantial background and potential through a large customer base, making the Company even busier and more successful, at one point operating as many as 24+ tippers as well as a variety of other machinery and equipment.
Administrators' statement of proposals (2024-05-28) · Companies House register