Green 2 Delivery Ltd (13779256): administration
- Status
- Administration ended
- Administration began
- 2023-07-25
- Administrators
- Dominik Thiel-Czerwinke, Louise Donna Baxter
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2021-12-03
- Location
- Leigh-on-Sea
- Industry
- 49410 Freight transport by road
Why it went into administration
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
A disagreement had arisen at Board and Shareholder level, which resulted in Mr Sibley’s resignation as a director on 28 June 2028, a core blow to the Company’s ongoing future. The parties engaged in correspondence to acquire Mr. Sibley’s shareholding but as at the date of administration, no agreement was reached.
A third party investor had refused to inject further funds, and Mr Gerrie, who is one of the current directors and principal investor is not prepared to inject further funds.
The Director's have advised that one creditor had threatened to present a Winding Up Petition unless it was paid by close of business on 14 July 2023.
Administrators' statement of proposals (2023-09-27) · Companies House register