UnbeatableHire Files For Administration

"According to the director, whilst trading for 2019 was up over 30% on previous years, the tightening of credit risks and the financial impact of two major fires during 2019 had an adverse effect on the UK business. Despite our efforts to find a way forward with our stakeholders and banks, a solution could not be found in time. "According to the director, whilst trading for 2019 was up over 30% on previous years, the tightening of credit risks and the financial impact of two major fires during...

"According to the director, whilst trading for 2019 was up over 30% on previous years, the tightening of credit risks and the financial impact of two major fires during 2019 had an adverse effect on the UK business. Despite our efforts to find a way forward with our stakeholders and banks, a solution could not be found in time.

"I am unreservedly sorry for the investors and other creditors, customers and our loyal staff at this difficult time of year. After 80,000 hirers in the last 18 years, it's a huge shock to see it come to this."

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