# T.O.M. Group Limited (SC371327)

> Why UK company SC371327 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/SC371327

- **Status:** Administration ended
- **Administration began:** 2018-03-28
- **Administrators:** Fiona Livingstone Taylor, Colin Peter Dempster
- **Administrators' firm:** EY
- **Formerly:** T.O.M. Vehicle Rental Limited; T.O.M. Vehicle Rentals Limited; Pacific Shelf 1602 Limited
- **Incorporated:** 2010-01-18
- **Location:** Glasgow
- **Industry:** 77110 Renting and leasing of cars and light motor vehicles

## Why it went into administration

- Cash flow / liquidity pressure
- Sustained trading losses
- Competition / price pressure

## From the administrators' statement

The Group was a leading provider of commercial vehicle hire, sales and services across hire locations in Scotland and Engfand.

The Group's head office was in Airdrie (near Glasgow) where the business was initially established around 20 years ago. Equistone Private Equity ((EPE') acquired a majority stake in T.O.M. Group Limited (‘TGL’) in December 2016, investing alongside management and the original co-founder and subsequently enabled the acquisition by TGL of the Transflex business in August 2017. The acquisition resulted in TGL becoming the third largest light commercial, flexible rental business by assets in the UK.

At the date of these Proposals, the Transflex business is not in any form of insolvency although a Notice of Intention to Appoint Administrators was lodged in Court on 29 March 2018.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/SC371327/filing-history/MzIwMTg4NDI0M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/SC371327

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