PCR takes Landfleet boss to court
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THE ADMINISTRATORS of Landfleet Leicester have started legal action against the haulier's director after he failed to co-operate and provide records that could secure the firm's position. In a statement of proposals from administrator PCR, insolvency practitioner Julie Swan said Landfleet director Andrew Patterson had shown interest in purchasing the firm's business and assets after PCR was appointed in September. A pre-pack sale was discussed and Patterson made three
offers, each lower than the previous one, all of which were rejected.
PCR then visited the premises to secure the firm's assets. "The directors failed to co-operate and provide us with adequate records to secure the company's position," said the report. "Despite trying to reason with the director, the joint administrators took appropriate steps to secure their position and commenced legal action against the director."
The action refers to section 235 of the Insolvency Act 1986.
The report also outlined how the firm, which had a licence to run 10 LGVs, hit financial trouble in 2009 and struggled to recover from a114,000 debt when one of its customers entered into administration the following year.
Patterson did not respond to emails and could not be reached for comment as CM went to press.