Whyte Crane Hire Limited (SC219628): administration
- Status
- Administration ended
- Administration began
- 2020-02-18
- Administrators' firm
- KPMG
- Formerly
- William Whyte Cargo Handlers Limited
- Incorporated
- 2001-05-29
- Location
- Glasgow
- Industry
- 77320 Renting and leasing of construction and civil engineering machinery and equipment
Why it went into administration
- Sustained trading losses
- Cash flow / liquidity pressure
- Competition / price pressure
- Loss of a key customer, supplier or contract
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Property / lease costs
From the administrators' statement
The Company was incorporated on 29 May 2001 as William Whyte Cargo Handlers Limited by the Whyte family. The Company is a wholly owned subsidiary of Whyte Crane Holdings Limited.
Originally specialising in cargo handling and stevedoring, the Company diversified into crane hire shortly after incorporation. In 2013 the business split, with a de-merger transferring the cargo handling/stevedoring element to a new company named “William Whyte Cargo Handling Limited”. The existing company, which retained the crane hire business, changed its name to Whyte Crane Hire Limited. Thereafter the two companies operated independently of each other by two parts of the Whyte family.
Offering standard crane hire.and contract lifting services, the Company supplied mobile cranes and qualified operators to customers across a range of sectors, including oil & gas, renewable energy and construction sectors. Whilst predominantly focusing on the north east and central Scotland, crane hire services were provided to customers across the UK and lreland. .
Administrators' statement of proposals (2020-04-14) · Companies House register