Loadout Express Limited (SC605237): administration
- Status
- Administration ended
- Administration began
- 2024-04-22
- Administrators
- Brian William Milne, Ian William Wright
- Administrators' firm
- Quantuma
- Incorporated
- 2018-08-14
- Location
- Glasgow
- Industry
- 53201 Licensed carriers
Why it went into administration
- COVID-19
- Brexit
From the administrators' statement
Loadout Express Limited (‘the Company”) was incorporated on 14 August 2018 to provide band and events transportation serving the UK, Ireland and Europe. The Company could arrange to organise luxury sleeper coaches and also trucks for equipment transportation.
The Company noticed a downturn in trade, especially when being booked to transport to countries still within the European Union with the uncertainty brought by Brexit on 31 January 2020.
Undoubtedly though the major factor in significantly reducing the Company’s turnover was due to the Covid-19 pandemic in 2020. All entertainment events such as concerts were postponed or cancelled across the UK and areas of Europe due to restrictions put in place by respective governments of each country for an extended period.
Administrators' statement of proposals (2024-06-14) · Companies House register