TPC Global Ltd (SC260863): administration
- Status
- Administration ended
- Administration began
- 2016-01-18
- Administrators
- Alistair Mcalinden, Blair Carnegie Nimmo
- Administrators' firm
- KPMG
- Formerly
- TPC Uk/Irl Limited
- Incorporated
- 2003-12-16
- Location
- Glasgow
- Industry
- 52290 Other transportation support activities
Why it went into administration
- Cash flow / liquidity pressure
- Supply chain disruption
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Credit insurance / supplier credit withdrawn
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 16 December 2003 by Grant Stupart under the name TPC Freight Management Limited. It subsequently changed its name to TPC UK/IRL Limited and then latterly to TPC Global Limited in August 2010.
The business operated as an international freight management and logistics business, organising and co-ordinating the transport of customers’ goods via road, rail, sea and air across Russia and the Baltics, Europe, USA, Far East and the UK.
The Company's customer base was dominated by well known drinks manufacturers and associated distribution agents. The top three customers accounted for c.50% of annual turnover.
Administrators' statement of proposals (2016-03-14) · Companies House register