Fri, 18 Sep 2015 | ADMINISTRATION
Motorcycle insurance company Bikers Legal Defence Ltd (BLD) has been pushed into administration after efforts to find a buyer or an investor came to nothing.
The business, which traded as Ministry of Bikes, FI International, Salvage Solutions, and Altamura Concepts, entered administration on 9 September, with BDO partners Danny Dartnail and Simon Girling appointed as joint administrators.
BLD had branches in Cumbernauld, Camberley and Birmingham, but according to reports from Insider Media, the majority of staff have now been made redundant with just a few positions maintained in order to assist the administrators in winding the company down and recovering any debts.
Mr Dartnail remarked that a working capital shortfall was behind the administration, which could unfortunately not be addressed in time through efforts to find a buyer or an investor.
He added: "The joint administrators are taking all necessary steps to mitigate losses to customers and, going forward, will seek to maximise recoveries for the benefit of all creditors."
In the year to 31 October 2013, the firm posted revenues of £14.5 million, a decline from the 2012 figure of £16.3 million.
Contact the administrators
View more businesses in administration.
The company offers an aluminium design, fabrication and installation service, specialising in aluminium windows, doors and curtain walling systems. The company works closely with a number of prestigious suppliers and subcontractors in order to provid...
The company provides a diverse range of solutions to clients across the healthcare sector, including temporary staffing, supported living, and complex care. To complement its core services, the business has developed its own app, enabling healthcare...
The company offers the hire of a wide range of high-quality, modern plant, access, and tools regionally. Priding itself on its outstanding customer service and large, loyal client base, the company also provides training for IPAF courses through an e...
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.