Fri, 15 Aug 2025 | ADMINISTRATION
A Yorkshire-based logistics business that specialised in furniture retailer deliveries has appointed administrators, months after it ceased trading. Humber Services Limited had ceased trading amid cashflow difficulties resulting from a dispute with a major customer.
The Rotherham-based company was founded in 2018 and commenced trading in 2020. The firm operated as a white glove logistics operator across the UK and Europe, providing furniture retailer deliveries.
Andrew Watling and Simon Campbell of Quantuma were appointed as joint administrators of the company on August 1 2025. As the business had ceased trading months prior, the company did not employ any staff at the time of the appointment.
According to the joint administrators, Humber Services experienced cashflow difficulties in the wake of a dispute with a major customer. The dispute resulted in the relationship breaking down, non-payment for services rendered and the receipt of significant counterclaims for non-performance.
Creditor action put the business at risk of liquidation, with the secured creditor appointing Quantuma in order to gain control of the situation.
Joint administrator and Quantuma Managing Director Andrew Watling said: "It is extremely regrettable that Humber Services was forced to cease trading, due to a series of challenging circumstances. This was a sad ending for an established company. As joint administrators, our immediate priorities have been to seek to obtain maximum value for the company's creditors."
In accounts for the year to November 30 2023, the company’s fixed assets were valued at £1.2 million. However, the company’s significant liabilities meant that its net assets amounted to slightly over £41,000.
M&A activity in the UK logistics sector is being driven by strategic consolidation
Amid increasingly tough market conditions, struggling SMEs are being urged to seek professional advice as early as possible
Find out more about identifying and acquiring the best distressed assets
Opportunity to acquire a well-established builders merchants located in South Wales, offering a robust reputation and a strong customer base.
This well-established national paving stone supplier in Peterborough boasts a superb reputation and proven year-on-year growth since 2011.
This long-established vinyl supply business offers a diverse, non-seasonal product mix across various sectors, ensuring stable revenue streams.
|
09
|
|
Feb
|
Nursery and tree-growing business acquired from administration | BUSINESS SALE
Nursery and tree-growing business Christies (Fochabers) has ...
|
09
|
|
Feb
|
Kreston Reeves joins AAB, creating £200m-revenue group | BUSINESS SALE
Accountancy and advisory firm Kreston Reeves has joined AAB ...
|
09
|
|
Feb
|
Acquisition sees Scottish law firm expand into Leeds | BUSINESS SALE
Scottish law firm Brodies is expanding into Leeds through th...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
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.