Contract Transport goes into administration with the loss of 61 jobs


 

Birmingham contract haulier Contact Transport has gone into administration with 61 employees made redundant. The company appointed administrators from RSM on 20 April and the business is now being wound down. RSM said the company suffered losses following a drop in turnover volumes, high vehicle damage and insurance costs, as well as costs incurred in restructuring the business. It was unable to raise additional working capital or funding to pay creditors and it had also been served with a winding-up […]