A UK warehouse and logistics company, Pegasus Warehousing and Fulfilment LTD, has entered administration, with a notice published in The Gazette. The company, registered in Oldham, Lancashire, was launched in 2015 and specialized in warehousing and storage for land transport. Its website is currently unavailable.
Administration Details
The administrators are Mike Dillon and Andrew Knowles of Leonard Curtis, based in Manchester. The company has not yet issued a statement. On Yell, the company received positive reviews, with customers praising the team's service and value for money.
What Administration Means
Administration protects a company from legal action by creditors while the administrator attempts to rescue the business or maximize debt repayment. The administrator has eight weeks to propose a plan. Express.co.uk has contacted Pegasus for comment.
