All administration articles
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ArticleBucks bulk tipper firm in administration
Grain, feed and aggregate haulier Adstock Bulk Solutions has entered administration after almost 13 years of trading.
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ArticleYorkshire haulier’s directors ‘unaware’ of loss-making troubles
The directors of stricken haulage firm TEF Transport were unaware of the scale of its debts until just days before it was forced to close down, its administrator has revealed.
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ArticleElectric cargo bike company Zedify collapses after failing to secure new funding
Electric cargo bike logistics firm Outspoken Logistics, which trades as Zedify and counts Evri and Zara among its partners, has called in the administrators after failing to secure new funding.
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ArticleRate of new business failures in logistics sector still high but falling, new data reveals
New data from Kidderminster-based haulier Breakwells Transport delivers a glimmer of hope for the UK’s haulage industry, revealing that new business closure rates decreased between 2023 and 2024.
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ArticleTEF Transport’s creditors owed more than £2m
TEF Transport could owe more than £1.2m just to the companies it did business with, according to newly filed papers by its administrator.
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ArticleAssets of collapsed haulier TEF Transport up for auction
Just over a month after calling in the administrators, Yorkshire-based TEF Transport’s assets, including a fleet of 30 trucks and 60 trailers, are being auctioned off.
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ArticleTotal Home Delivery boss on the “heartbreaking” end of his business
The boss of a company that swooped in and took on all of Star Transport & Warehousing’s contracts, staff and customers when it collapsed into administration, has apologised “from the bottom of my heart” to anyone affected by its own collapse last September.
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ArticleAdministrator summarises pressures faced by collapsed firm Truswells
Truswell Haulage, the transport company that had been operating since 1940 and ran more than 100 HGVs, collapsed last year due to “macroeconomic factors and industry-wide challenges”, according to its administrator.
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ArticleJobs saved after Smarthub snapped up by parent company
A Rainham construction logistics specialist has been saved by its parent firm in a £50,000 pre-pack deal that experts said would save at least 17 jobs.
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ArticleReborn temperature-controlled haulier has last laugh
The industry has been battered by administrations and closures this year, so it is heartening to see at least one success story emerge from the ashes of insolvency in 2024: AE Chilled’s pre-pack sale.
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ArticleYorkshire’s TEF Transport in administration
TEF Transport in Scarborough has entered administration with around 60 jobs potentially at risk.
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ArticleAdministrator spells out PT Hire’s MAN truck problems
More details have emerged about the collapse of truck rental firm PT Hire, with its administrator saying it had more than 80 MAN lorries off the road at one point due to “significant mechanical issues”.
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ArticleCentika’s administrator doubts distribution payout to creditors
Leeds-based haulier Centika Logistics, which collapsed earlier this year, is unlikely to be in a position to pay its trade creditors all of the £322,000 it is thought they might be owed, its administrator said.
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ArticlePalletways ‘leverages member strengths’ to fill Caledonian Logistics’ work
Palletways has confirmed that the work undertaken by Caledonian Logistics has been spread between two of its members in an effort to shore up a void left by the collapsed haulier in Scotland.
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ArticleYorkshire operator latest to file intention of administration
Scarborough haulier TEF Transport, which was established more than 50 years ago, has filed papers in court to appoint administrators.
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Article“Challenging trading” and lack of funding support sees Caledonian Logistics fall into administration
Inverness-based Caledonian Logistics has called in the administrators, just three years after being acquired by Staffordshire-based company Drac Logistics.
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ArticleLoss of £900,000 British Gas deal final nail in Trailar coffin, administrator reveals
Start-up firm Trailar Limited, which provided solar-powered panels for trailer roofs, collapsed into administration in August this year, owing £2.1m, after being hit by Covid, the Ukraine War, the international chip shortage, and a costly and failed attempt to gain equity funding, which contributed to British Gas pulling out of ...
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ArticleStruggling waste haulier sold to director’s son
Hampshire haulier PL Transport Logistics has been sold to its sole director’s son for £360,000 after it collapsed into administration.
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ArticleCartwright Bros site sold for seven figure sum
A former industrial unit that belonged to Cartwright Bros (Haulage) has been sold for its asking price of £3.3m following a bidding process.
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ArticleMcGregor Logistics sold in pre-pack administration agreement
Stricken South Yorkshire haulier McGregor Logistics has been sold in a pre-pack deal for £1.7m to an unconnected business, saving dozens of jobs.