Kinaxia Logistics director Peter Fields has described his latest purchase, BC Transport, as a “good solid business with great people” that ultimately stumbled as it was carrying too much debt.
Speaking after rescuing the Bollington-based haulier from administration in a move that saved 50 jobs, Fields said it was a profitable business but had been a victim of circumstance.
Fields said he had looked at BC Transport – a Palletforce founder member, established in 1964 – around the time its owner, Christopher Goodwin, was looking to sell it last year.
Ultimately Goodwin sold the business to A2E Industries and retired earlier this year.
“We knew the company and knew the fit – in regards the staff and operation – would be a good one [with Kinaxia]. We don’t do turnarounds normally, but this isn’t a loss-making business,” Fields told MT.
Kinaxia Logistics acquired the business, assets and some liabilities in the deal. It has also paid outstanding employee wages.
Fields said its proximity to William Kirk, which it also owns, may allow some of BC Transport’s administrative and back-office functions to be carried out there.
According to the DVSA, BC Transport has an O-licence authorising up to 35 vehicles and 26 trailers
It joins a rapidly expanding Kinaxia group comprising Bay Freight; William Kirk; NC Cammack and Sons; Foulger Transport; Lambert Brothers Haulage; Panic Transport; Maidens of Telford; and Mark Thompson Transport.
Fields said: “We anticipate making further investments in the next 12 months, which will be in line with our aim to build a flexible and efficient, service-focused haulage and warehousing group covering the UK.”
Palletforce CEO Michael Conroy said: “The addition of BC Transport to Kinaxia Logistics will enhance its business infrastructure and capabilities. It also safeguards the jobs and skill sets of a talented workforce at BC Transport, delivering the highest quality Palletforce services to our growing membership base.”
