While Motortransport.co.uk did not see as many industry insolvencies or closures in 2016 as in previous years, there were still a number of high-profile cases that shocked the transport sector. A former Tip-Ex haulier of the year became one of the first business casualties of 2016 when restructuring firm FRP Advisory announced Pryor Group (pictured right) was up for sale. The engineering and earth moving group had been poised to enter administration in January, due a severe shortfall in working […]
Former employees of a Birmingham contract haulier now in administration have been ordered to pay almost £40,000 in costs relating to road traffic accidents.
A Birmingham contract haulier that entered administration earlier this year went from a £1m pre-tax profit to a £100,000 loss in just 20 months’ trading.
Oxfordshire-based Interoute Transport Services has been placed into administration, and its transport business closed with immediate effect.