Despite the high-profile collapse of Deben Transport last month, the amount of insolvencies overall in the transport and haulage sector is rapidly declining year-on-year. Insolvency Service data for England and Wales shows that in 2014, a total of 294 companies became insolvent, a 25% fall on the previous year and 44% lower than the 529 in 2011. Andrew Tate, vice-president at insolvency firm R3, said: “While there have been a number of high-profile cases of business failure in the transport […]
Civil engineering and earth moving group Pryor is understood to have issued an intention to appoint administrators.
City Link’s administrator has revised up the amount it believes non-preferential creditors are owed by the collapsed parcel carrier. However, it said it is still waiting to hear from creditors that are owed a total of £12.8m that have not submitted a claim.
In the weeks leading up to its collapse, Deben Transport attempted to make changes to its depot network as it battled to stay afloat.