TT Express (Oldham) has been sold to John Raymond Transport in a pre-pack deal after it went into administration last week (15 September). The 40-year-old business appointed administrator KPMG the same day, which immediately transferred the assets and 56 employees to an unconnected party – TT Express Group. Both TT Express and John Raymond Transport confirmed the south Wales haulier was behind the acquisition. In its most recent results for the year to 30 March 2016, TT Express recorded a […]
Bridgend-based John Raymond Transport has endured a tough period but parent company Nolan Transport believes the required changes have now been made to return the haulier to health.
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 assets and business of Palletline Logistics (Midlands) were bought for £71,000 in a pre-pack deal in July by newly formed Global Logistics Central on the same day the former went into administration, according to administrator RSM Tenon.