Industry insolvencies down year-on-year


 

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 […]