Administrators have been appointed for 808 X-Ray Logistics Limited, the Heathrow-based company which specialised in cargo handling for freight forwarders around the airport.
The company had debts of more than £700,000 according to joint administrators Daniel and Simon Plant of SPF.
Simon Plant said: “808 X-Ray Logistics Limited has run into cash flow difficulties. Following discussions with a number of interested parties, we have achieved a sale of the tangible assets and part of the business to a third party.”