SRP HIRE SOLUTIONS LTD Enters Administration
Lincolnshire plant and equipment hire business SRP HIRE SOLUTIONS LTD has entered administration under Schedule B1 to the Insolvency Act 1986. A formal notice of appointment was gazetted on 21 October 2026 following proceedings filed in the High Court of Justice Business and Property Courts in Birmingham.
For commercial creditors, equipment suppliers, and finance counterparties, the appointment triggers an immediate statutory moratorium. Formal insolvency filings such as this underline the practical necessity of running a regular winding up search before extending substantial trade credit or releasing off-hired capital assets.
Gazette notice details
The appointment was published under notice code 2410 in The Gazette. Key details recorded in the official filing include:
- Notice Date: 21 October 2026
- Court: High Court of Justice Business and Property Courts in Birmingham, Insolvency & Companies List (ChD)
- Court Reference: CR-2026-BHM-000522
- Notice Type: Appointment of administrators (Notice 2410)
- Appointing Party: [Shown in the creditor report →](#offers-creditor)
- Appointed Insolvency Practitioners: [Shown in the creditor report →](#offers-creditor)
Creditors and interested parties seeking direct confirmation of the appointed practitioner details should inspect the Birmingham court file or monitor corresponding filings at Companies House.
Company snapshot
Companies House records provide the following corporate profile for the business:
- Company Name: SRP HIRE SOLUTIONS LTD
- Company Number: 06687866
- Incorporation Date: 3 September 2008
- Registered Office: Coldham Road, Coningsby, Lincoln, LN4 4SE
- Current Status: Active (Administration)
- Standard Industrial Classification (SIC): 77390 (Renting and leasing of other machinery, equipment and tangible goods not elsewhere classified)
- Financial Statements: Latest filed balance sheet figures are not stated in the supplied register extract.
Directors and ownership
Public filings at Companies House record the management and ownership structure of the entity since incorporation. These entries reflect statutory register data only and imply no personal liability or wrongdoing in connection with the company's financial position.
Officers
- Mr Nigel Ford: Director, British, resident in England, born February 1968. Appointed on 15 September 2008; position remains active on the register.
- Mr Paul Robert Breen: Director, British, resident in the United Kingdom, born December 1966. Appointed on 15 September 2008; resigned on 13 April 2015.
- Corporate Appointments Limited: Corporate Director. Appointed on 3 September 2008; resigned on 15 September 2008.
Persons with Significant Control (PSCs)
- Mr Nigel Ford: Notified on 6 April 2016. Holds between 25% and 50% of the company's shares and between 25% and 50% of voting rights.
- N M & J Limited (Company Number 10438626): Relevant legal entity, notified on 21 October 2016. Holds between 25% and 50% of the company's shares and between 25% and 50% of voting rights.
What administration means for creditors and customers
Administration under Schedule B1 of the Insolvency Act 1986 is an interim statutory rescue procedure. It places the control of company affairs, business, and property into the custody of qualified insolvency practitioners acting as agents of the company.
This summary provides general legal context and does not constitute formal legal or financial advice:
1. The Statutory Moratorium: Under paragraphs 42 and 43 of Schedule B1, a blanket moratorium takes immediate effect. Creditors cannot initiate or continue legal proceedings, execute distress against assets, repossess hire-purchase goods, or petition for compulsory liquidation without the permission of the court or the administrators.
2. Unsecured Creditors: Outstanding invoices, trade balances, and contract damages are converted into unsecured claims. Unsecured creditors must lodge formal proofs of debt with the administrators once formal contact details are circulated.
3. Asset Owners and Plant Lessors: Entities claiming retention of title (RoT) or possessing leased equipment on the company's premises must notify the administrators promptly with signed agreements and proof of asset identification.
| Creditor Category | Statutory Position under Schedule B1 | Immediate Action |
|---|---|---|
| Secured Creditors (Qualifying Floating Charge) | Rank ahead of unsecured creditors subject to prescribed part deductions | Review debentures via company charge check and engage administrators |
| Asset Lessors / Plant Owners | Moratorium restricts self-help repossession without leave | Deliver formal equipment schedules and title documentation |
| Unsecured Trade Creditors | Unsecured claim rank; recovery dependent on net realisations | File proof of debt form; hold delivery of further unbilled services |
Creditor verification checklist
When a counterparty enters administration, credit managers and commercial advisers should immediately execute the following steps:
1. Check the court cause list and case number (CR-2026-BHM-000522) to identify whether a prior petition was registered.
2. Execute a winding up petition search to ensure no conflicting compulsory liquidation proceedings were outstanding prior to the administration order.
3. Verify whether registered security exists against the company's assets by conducting a review company charges on Companies House.
4. Collate all unpaid delivery notes, contracts, hire documentation, and statements of account.
5. Monitor for the joint administrators' initial proposals, which must be published to creditors within eight weeks of appointment in accordance with statutory rules.
Recent filings and Gazette activity
- 21 October 2026: Notice 2410 published in The Gazette confirming the appointment of administrators through the Birmingham High Court under reference CR-2026-BHM-000522.
- Companies House Register: Companies House retains the statutory filings for SRP HIRE SOLUTIONS LTD (06687866), where the notice of appointment (form AM01) and administrators' proposals will be formally lodged for inspection.
The Corp Intel perspective
Corporate intelligence teams traditionally rely on fragmented manual checks to follow an unfolding insolvency. A practitioner typically monitors the court cause lists, cross-references Gazette publication feeds, checks Companies House register updates, and manually contacts court clerks to verify whether an administration application has been lodged.
Corp Intel consolidates these workflows into unified corporate intelligence feeds. By linking Central Registry petition filings, cause list records, and Companies House document logs, legal and finance teams identify changes in corporate solvency days before notices appear in public registers.
For credit teams and suppliers
For credit controllers, equipment hire brokers, and commercial lenders, missing an administration filing means risking the loss of moveable equipment or continuing to supply goods during an active statutory moratorium. Conducting a regular winding up search prior to extending trade credit or authorising large machinery releases remains essential for credit risk management. To receive automatic updates whenever an active counterparty experiences structural or filing changes, credit teams can establish free company monitoring across their complete customer portfolio.
FAQ
How can creditors submit claims to SRP HIRE SOLUTIONS LTD?
Creditors must submit a formal proof of debt detailing outstanding amounts once the administrators send notice to all known creditors or publish form AM01 at Companies House. Supporting invoices, contracts, and delivery notes must accompany the submission.
Can equipment suppliers repossess hired machinery?
Under paragraph 43 of Schedule B1 of the Insolvency Act 1986, an owner or lessor cannot repossess hire-purchase, conditional sale, or leased equipment without the consent of the administrators or permission of the High Court.
Where can the full administration order be verified?
The case is filed under court reference CR-2026-BHM-000522 at the High Court of Justice Business and Property Courts in Birmingham, Insolvency & Companies List (ChD).
What is the purpose of an administration under Schedule B1?
The administrators must pursue one of three statutory objectives: rescuing the company as a going concern; achieving a better result for creditors as a whole than an immediate liquidation; or realising property to make a distribution to one or more secured or preferential creditors.