Euroscot Rentals Limited (SC345499): administration
- Status
- Administration ended
- Administration began
- 2019-11-25
- Administrators
- Scott Milne, Ian William Wright
- Administrators' firm
- Wri Associates
- Formerly
- Scot Truck Rentals Limited
- Incorporated
- 2008-07-09
- Location
- Glasgow
- Industry
- 77120 Renting and leasing of trucks and other heavy vehicles
Why it went into administration
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 9 July 2008 and carried on business renting and leasing commercial vehicles including trucks and other heavy vehicles.
The Company had a fieet of c400 vehicles on lease or hire purchase across 25 finance companies and serviced a customer base across the central beit of Scotland. The Company had 15 employees.
Accounts lodged indicate that the Company had shareholder’s funds of £1,232,984 as at 31 December 2017 and £1,567,267 as at 31 December 2018.
Administrators' statement of proposals (2020-02-06) · Companies House register