Slaemuir Coaches Limited (SC224173): administration
- Status
- Administration ended
- Administration began
- 2013-11-29
- Administrators
- Blair Carnegie Nimmo, Gerard Anthony Friar
- Administrators' firm
- KPMG
- Incorporated
- 2001-10-12
- Location
- Glasgow
- Industry
- 49390 Other passenger land transport
Why it went into administration
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Energy costs
- Creditor pressure / legal action
From the administrators' statement
Background The Company was incorporated on 12 October 2001, and traded from freehold and leasehold premises at Units 1 & 2, 11 Dellingburn Street, Greenock, PA14 4RN.
The Company, which operated a fleet of 31 vehicles, provided local bus services, principally on a contractual basis, for schools and the general public. Its main customer was The Strathclyde Partnership for Transport (“SPT”).
According to the directors, the Company traded successfully in the years following its incorporation with turnover reaching £3.2 million in the year to 31 March 2008 and
Administrators' statement of proposals (2014-01-24) · Companies House register