Administration of Eco-Friendly Executive Car Service

Moorfields were appointed as Administrators over Egoigo, one of London’s leading eco-friendly executive car services.

The business operated a fleet of over 90 vehicles, including Toyota Prius and hybrid Mercedes models, offering environmentally conscious transport solutions to corporate and private clients across London. Financial and operational pressures necessitated professional intervention to stabilise the business and manage a controlled wind-down or sale.

Objectives

• Stabilise operations during the Administration period to preserve value
• Protect and manage the vehicle fleet and other key assets
• Maintain service continuity for clients where possible
• Maximise recoveries for creditors through structured asset sale
• Ensure compliance with employment, licensing, and regulatory obligations

Moorfields’ Actions

• Took control of the business and oversaw operational continuity, including client bookings and fleet management
• Conducted a review and valuation of the vehicle fleet and other tangible assets
• Managed employee obligations, ensuring fair treatment and compliance with statutory requirements
• Explored options for sale of the fleet and business assets to maximise creditor returns
• Maintained clear communication with stakeholders, including clients, suppliers, and staff

Results

• The business was stabilised during the Administration period, protecting operational value
• The fleet and other key assets were effectively managed, enabling orderly sale
• Employee and client obligations were addressed professionally, minimising disruption
• Creditors’ recoveries were maximised through structured asset realisations
• Moorfields delivered a controlled and compliant exit, preserving value where possible in a competitive sector