Rapid Hire Group Limited (14161375): administration
- Status
- Administration ended
- Administration began
- 2025-03-11
- Administrators
- Richard Cole, Steve Kenny
- Administrators' firm
- KBL Advisory
- Incorporated
- 2022-06-09
- Location
- Sale
- Industry
- 77390 Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Why it went into administration
- Parent or group failure
From the administrators' statement
3.1 The Company’s director was referred to KBL Advisory Limited by Bibby, the secured creditor, on 10 February 2025 to help advise on the options available for the Company, as it was deemed to be insolvent.
3.2 The options that were considered between the director and KBL Advisory Limited are explained in detail in the SIP16 disclosure statement at Appendix IV. A pre-pack 3.3
3.4
Administrators' statement of proposals (2025-05-12) · Companies House register