Collapsed Waverley TBS vehicle fleet was leased


 

Wholesale drinks distributor Waverley TBS’s distribution fleet was entirely leased and the vehicles have now been returned to their owners, the firm’s administrator has confirmed. Despite holding a licence to run more than 300 vehicles the £309m turnover company, which is now being wound-up after administrator Deloitte failed to find a buyer , one of the UK’s largest drinks wholesalers therefore had no vehicle assets to help it meet its liabilities. It is not known if its two large DCs […]