A E Chilled Limited (12779895): administration
- Status
- Administration ended
- Administration began
- 2024-08-12
- Administrators
- Jeremy Karr, Simon John Killick
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2020-07-30
- Location
- London
- Industry
- 49410 Freight transport by road
Why it went into administration
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
- Regulatory change or action
- Competition / price pressure
From the administrators' statement
The underlying business of A E Chilled Limited was established in 2015 and it initially took the form of a sole trader enterprise. The Company was incorporated on 30 July 2020 by Mr Alan Emslie (hereafter “AE”) with a share capital of 100 ordinary £1 shares held by him. Messrs Martin Campbell, Kevin Sands, Aaron Oliver have been subsequently appointed as company directors on 1 April 2021, 21 June 2022, and 14 February respectively. Mr. Martin Campbell resigned on 30 November 2021. The Company was formed for the purpose of providing chilled distribution services and it operated from leased premises forming part of the estate known as Big Offices in Dover under a leasehold agreement entered into with Whitecliff Dover Limited (CRN 04326535); an entity controlled by Mr. Peter Waddell (hereafter “PW”).
The Company controlled a fleet of over 40 refrigerated vehicles with multi temperature trailer units. Its service offering included transport logistics and specialist pharmaceutical haulage across the UK and Europe. The Company carried out its operations under service level agreements, as opposed to supply contracts, due to the varying volumes of work and seasonality of their customer base. As such, there was no obligation between the customers and the Company to provide orders nor to accept them. Accordingly, the Company utilised approximately 90 staff as at the time of their initial contact with our firm in late June 2024 (including office staff and drivers), with a small number of these being contract workers.
The Company was funded predominantly by way of working capital which was supported by an invoice discounting facility run through Barclays Bank plc. The Company granted fixed and floating charges over the Company’s business and assets in favour of Barclays Security Trustee Limited (“Barclays”) on 24 November 2022 which was duly registered with the Registrar at Companies House on 30 November 2022. A subsequent charge of the same nature was created on 30 April 2024 and delivered to the Registrar on 1 May 2024. The assets forming the fleet were predominantly obtained under hire purchase agreements with various finance companies supported by personal guarantees from AE.
Administrators' statement of proposals (2024-10-07) · Companies House register