# Glasgow Car Movers Limited (SC312266)

> Why UK company SC312266 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/SC312266

- **Status:** Administration ended
- **Administration began:** 2023-09-12
- **Administrators:** Alistair Mcalinden, Blair Carnegie Nimmo
- **Administrators' firm:** Interpath Advisory
- **Incorporated:** 2006-11-20
- **Location:** Glasgow
- **Industry:** 49410 Freight transport by road

## Why it went into administration

- COVID-19
- Rising costs / inflation
- Energy costs
- Cyber attack / IT failure

## From the administrators' statement

Covid19 and the slowdown in manufacture and movement of new cars negatively impacted the Company and placed pressures on the Company’s operating margins. The directors also referred to a material increase in fuel prices and staff wages as contributing factors to the Company’s demise. Cashflow was also negatively affected by significant vehicle finance commitments.

The directors worked hard to operate through Covid19 and personally provided significant funding support. As the business emerged from Covid19 it suffered business interruption due to a cyber-attack. Over recent months, trading conditions had been very challenging due to the loss of certain customers and input cost inflation and the Company was incurring losses and building up creditor arrears (including sums due to HM Revenue and Customs).

Having explored all options but faced with a scenario where the Company could no longer pay its debts as they fell due for payment, the directors sought professional advice and concluded that steps should be taken to place the Company into administration.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/SC312266/filing-history/MzM5NzQ3MjQwNmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/SC312266

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.