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 […]
Former Pall-Ex and Fortec member Transol Worldwide Logistics has been placed in liquidation after it appointed administrators earlier this year, owing £739,810.
Creditors of Searon Logistics are thought to be owed £7.26m after the Felixstowe company’s fall into administration.
More than one-third of transport and haulage businesses in the UK are at risk of collapse, according to insolvency trade body R3.