Corporate Road Solutions 24:7 Limited (SC291701): administration
- Status
- Administration ended
- Administration began
- 2019-11-11
- Administrators
- Alistair Mcalinden, Blair Carnegie Nimmo
- Administrators' firm
- KPMG
- Incorporated
- 2005-10-14
- Location
- Glasgow
- Industry
- 49410 Freight transport by road
Why it went into administration
- Supply chain disruption
- Cash flow / liquidity pressure
- Sustained trading losses
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Competition / price pressure
From the administrators' statement
Corporate Road Solutions 24:7 Limited (‘the Company’) was incorporated on 14 October 2005 by Gary Keenan. In addition to trading as “Corporate Road Solutions’, the-Company was also known as “Beau Corporate Solutions”. _
Initially operating as a freight forwarder using dedicated subcontractors, the business expanded into road haulage in 2010 after acquiring a Goods Vehicle Operating Licence. Utilising a fleet of owned and hired vehicles and trailers, the Company serviced a diverse range of customers including a number of large national supermarkets together with smaller independent Scottish businesses.
Originally operating from Mr Keenan’s home address, the Company moved in 2013/2014 to the Whitehill Industrial Estate in Bathgate before relocating to rented premises at Redmill Industrial Estate in Bathgate in 2015. The Company subsequently purchased the premises occupied at Redmill Industrial Estate in 2018. In August 2019, the Company sold the premises to a third party and entered into a five year lease under a sale and leaseback arrangement.
Administrators' statement of proposals (2020-01-08) · Companies House register