James Shaw & SON Ltd (11270074): administration
- Status
- Administration ended
- Administration began
- 2019-12-20
- Administrators
- Andrew Poxon, Sean Williams
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2018-03-22
- Location
- Manchester
- Industry
- 49410 Freight transport by road
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
3.1 The Company was incorporated on 22 March 2018 and commenced trading shortly after as result of the acquisition of various assets from R Whittaker & Sons Transport (“Whittakers”). The Company traded in conjunction with a sole trader, Stephen Shaw t/a James Shaw & Son.
3.2 The Company traded as a haulier from its long leasehold property at Unit 12-14 Anglezarke Road, Sankey Valley Industrial Estate, Newton-Le-Willows, Merseyside, England, WA12 8DN ("the Property”). The Company had 27 employees.
3.3 The Company was previously funded by way of a mortgage loan with Barclays Bank plc (“Barclays”), however, in August 2019, the Company replaced the Barclays funding with a loan with Reward Capita! Limited (“Reward”), who hold security by way of a Debenture, incorporating Fixed and Floating charges, and a legal charge over the Property which was created on 30 August 2019.
Administrators' statement of proposals (2020-02-04) · Companies House register