Davis Haulage, which was sold to Buffaload Logistics for £1.8m late last year, got into trouble after overextending itself, according to a report from administrator Leonard Curtis. The business, which traded from Crewe Distribution Centre Gateway spent £1.8m paid for through working capital on a new leasehold premises in 2013/14. However, uptake for its new dedicated chilled storage area was slower than anticipated, delaying rental revenues. A downturn in trade in 2014, which saw margins squeezed as overheads increased, resulted […]
More than one-third of transport and haulage businesses in the UK are at risk of collapse, according to insolvency trade body R3.
Civil engineering and earth moving group Pryor is understood to have issued an intention to appoint administrators.
Wind turbine transport firm West of Scotland Heavy Haulage has entered administration due to “growing competition, rising costs and unsustainable cash flow problems”.