Administrators handling the affairs of Drive Force (UK) have confirmed that the business has ceased trading with the loss of 47 jobs.
The Bristol company appointed Paul Wood and Simon Haskew at Begbies Traynor on 4 June and its doors were closed for the last time.
Wood, a partner at Begbies Traynor, said: “The company had been experiencing significant financial difficulties as a result of the Covid-19 pandemic and was unable to meet its outstanding costs.
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“Despite using the government’s furlough scheme for a number of months, sadly the business had no viable prospect of a return to future trading.”
Incorporated in 1999, Drive Force (UK) was a specialist in bulk car and HGV distribution and storage across the UK and Europe.
It held a standard international licence covering three operating centres; two in Exeter and one at its main Bristol depot where it was authorised to run 25 HGVs.
