Thu, 02 Feb 2012 | ADMINISTRATION
Road haulage and transport business Sensible Transport Limited has been placed into administration after cash flow issues led to debts of about £1 million, with an unpaid bill to HMRC.
Daniel and Simon Plant from the insolvency practitioners SFP were hired on 26th January 2012 as the administrator to Sensible Transport Limited, which is based in Templecombe, Somerset.
Four out of five instructions received by SFP last year related to failed businesses, having been crippled by large unpaid bills to HMRC. Simon Plant commented to creditman.co.uk, “Ensuring that the business has made provisions for the tax bill is the only way to avoid pitfalls like this.”
"Sensible Transport has run into cash flow difficulties and we are currently in discussions with interested parties for a sale of the business as a going concern,” he added.
Founded in 1992, the business has a 67-strong workforce and yearly sales of £8 million. The troubled firm specialises in vehicle distribution and logistics, and is based at Henstridge Airfield between Yeovil and Shaftsbury. It has long-term contracts with large motor manufacturers, fleet operators and dealer groups.
Sensible Transport was purchased for an undisclosed sum by Bristol-based distribution and technical services provider Quantum Automotive Limited in February 2011.
This is a rare opportunity to acquire a leading food manufacturer specialising in South East and East Asian cuisine, with a strong foothold in the UK and European markets, supported by robust supply chains and long-standing customer relationships.
This business opportunity offers a well-established company in South East England that specialises in high-quality insulation and renewable solutions, operating across diverse sectors and supported by strong client relationships and a dedicated manag...
An established specialist provider of air conditioning, EV charging, heating solutions, and solar panels is available for acquisition, offering a comprehensive service package and robust customer base across the UK.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.