Felixstowe-based Searon Logistics has entered administration after its largest customer moved to Southampton, causing a significant increase in costs. Insolvency firm McTear, Williams & Wood was appointed by the company on 8 August after an attempt to find a buyer or a new investor failed. A spokesman for the insolvency practitioners said Searon Logistics had been trading since 2008, providing haulage and logistics services throughout the UK from its operating centre in Felixstowe. The company grew to generate a turnover […]
Bandvulc Plus+, the tyre management business of truck tyre retreader Bandvulc, has won a contract to provide services for Felixstowe-based Searon Logistics.
Creditors of Hull-based CJ Express could be left close to £1m out of pocket, according to the collapsed company’s statement of affairs.
Creditors seldom get back all of the money owed to them when a company becomes insolvent, but you don’t have to take things lying down.