All administration articles
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MT ArticleHaulier’s collapse followed sales ledger overstatement
The collapse of a haulage firm in Herefordshire came after “significant discrepancies” were found on the sales ledger, which led to its invoice discounting facility being overdrawn by more than £1m.
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MT ArticleMetal recycling giant to be wound up
Hundreds of staff at scrap metal recycling company Unimetals are facing up to the prospect of redundancy after it filed a petition to enter compulsory liquidation.
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MT ArticleHaulage MD fled country with company cash before it sank into insolvency
The boss of a Manchester-based haulage company abandoned his post and allegedly fled the country in the weeks leading up to its insolvency, its administrator has revealed.
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MT ArticleRedundancies as Accrington haulier closes its doors
A long-established Lancashire haulage company has entered administration after coming under increasing financial strain, with 13 jobs made redundant.
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MT ArticleDorset hauliers closed down amid “extremely challenging” conditions
Two haulage firms near the south coast and operating out of the same premises with the same directors collapsed due to the fallout from Brexit, Covid and rising costs, their administrator said.
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MT ArticleMidlands transport firm collapses following financial difficulties
More than 100 staff at a Ledbury-based haulage company have lost their jobs after it entered administration this month.
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MT ArticlePre-pack sale of Yorkshire haulier saves dozens of jobs
An East Yorkshire haulier established over 50 years ago has been sold in a pre-pack deal to its directors after it collapsed into administration, saving all 45 jobs.
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MT ArticleLong-standing Greater Manchester haulier collapsed after losing major contracts
A haulage firm in the North West that had been trading successfully since the 1960s closed down this summer after losing a series of key contracts, resulting in significant losses in 2023 and 2024.
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MT ArticleTC rejects plans to run lorries out of beleaguered Manchester haulier’s base
The Traffic Commissioner has refused a new licence application by a former director of K West Transport who wanted to operate HGVs from the same premises after the haulage firm collapsed into administration.
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MT ArticleNorth West haulier enters administration days before PI appearance
A haulier in Greater Manchester running 30 HGVs has collapsed into administration – two days before it was due to appear before the traffic commissioner (TC) to face possible disciplinary action.
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MT ArticleDorset transport and storage firms call in the administrators
Two connected Dorset hauliers have collapsed into administration, prompting concerns over almost 40 jobs at the Wimborne firms.
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MT ArticleReasons behind Prohire’s demise outlined by administrator
Collapsed truck rental and contract hire firm Prohire could owe its customers as much as £28m according to papers filed by its administrator.
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MT ArticleGurteen Recycling closes its doors after 13 years
Newcastle-based Gurteen Recycling Limited, which trades as Gurteen Transport, has closed its doors, the company has revealed.
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MT ArticleOxfordshire haulier put brakes on pre-pack purchase deal
A Banbury haulage firm that bought the assets of a failed transport business in a pre-pack deal had to request a payment break after just three months, its administrator has revealed.
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MT ArticleArgyll’s Coille Haulage shuts down amid “perfect storm of challenges”
Well-established timber haulier Coille Haulage has closed down with the loss of 24 jobs after battling tight margins, soaring operating costs and Covid-19 legacy issues, according to its liquidator.
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MT ArticleNorth West haulage firm closes down after seven decades of trading
A Manchester haulage firm that was operating for more than 63 years has ceased trading after a failed bid to find a purchaser of its business.
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MT ArticleTelford operator in liquidation following surge in competition
Shropshire haulier Secal Logistics has closed down after being undercut by “single person operators” operating on wafer thin margins, according to its liquidator.
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MT ArticleNotts haulier collapsed owing creditors over £11m
B Taylor & Sons closed down because it had no contracts with customers and was blighted by having significant numbers of vehicles off the road with maintenance problems, its administrator said.
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MT ArticleWhere’s your backup plan if suppliers collapse?
Operators could avoid the chaos caused when rental firms collapse if they prepare an emergency ‘Plan B’ explaining what to do when critical services are removed, according to the Association of Fleet Professionals.
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MT ArticleChallenge Logistics sold, saving thousands of jobs
Wigan haulier Challenge Logistics and its recruitment arm have both been sold after the group collapsed into administration last week.