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All administration articles – Page 10
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Article
AM Widdowson & Son remains on the road after pre-pack administration
A pre-packaged sale of Leicester transport firm AM Widdowson and Son was the culmination of a torrid two years that included the loss of contracts, under-estimated fuel costs and management systems that were not fit for purpose.The company entered into administration on 6 July (CM 21 July) after falling into ...
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Article
AM Widdowson & Son placed into administration
Leicester freight transport business AM Widdowson & Son has gone into administration.Insolvency practitioners at Leonard Curtis were appointed to the company on 6 July, shortly after it had undergone a change of name to Loglecdissol.The company had been subject to a CVA since July last year that meant it had ...
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ArticleTachodisc saved from administration by FTA subsidiary
FTA subsidiary TDUK has bought Tachodisc out of administration.It will take control of the business and “certain assets”, the nature of which were not disclosed, with immediate effect.The business, which supplies tachograph equipment and compliance software, will trade under the TDUK brand and will be overseen by June Powell, director ...
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Article
Hargreaves Services buys Pryor Group after administration
Hargreaves Services has purchased civil engineering and earth moving group Pryor, after the latter was placed into administration.Pryor had been poised to enter administration since January “owing to a severe short-fall in working capital”.In a statement issued today FRP Advisory said the sale of the ongoing business, trade and certain ...
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Article
Pryor Group weighing up administration route
Civil engineering and earth moving group Pryor is understood to have issued an intention to appoint administrators.The company is understood to still be trading and exploring a number of options including a sale.Although Motortransport.co.uk had received reports that the firm's tipper fleet at its Harlow headquarters was parked up, a ...
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Article
City Link administration report shows how much creditors lose out
The publication of a progress report by City Link’s administrator earlier this week highlights just how much of a rough deal creditors get when a company goes into administration.Administrator Ernst & Young (EY) believes that non–preferential creditors, which include trade creditors who are collectively owed more than £30m, will only ...
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Article
City Link devised turnaround plan before its administration
City Link’s management had laid out plans to pull out of the B2C market and refocus the courier’s efforts on attracting higher-margin business shortly before its collapse, it has emerged.A report published by administrator Ernst & Young (EY) also revealed that the troubled parcels carrier saw a net loss after ...
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Article
Palletline member Orb Logistics in administration
Witham, Essex-based Orb Logistics, the succesor to Task Force Movement & Storage, has gone into administration.The Palletline member, which held O-licences to run 62 vehicles and 36 trailers from sites in Witham and Birmingham, appointed administrator Leonard Curtis on 28 July, Motortransport.co.uk can reval.The company, formerly known as Mission Logistics, ...
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Article
Seafield Logistics in administration
MT Top 100 company Seafield Logistics has been placed into administration.In a statement Grant Thornton confirmed it had been appointed as the firm's administrator today (11 June), with David Riley, Les Ross and Joe McLean handling the process.“Immediately following the appointment, the bulk powder transport business was sold to ...
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ArticlePalletways fills coverage gap as Heathcliff Haulage enters administration
Palletways has worked quickly to fill a gap in its coverage left by Cambridgeshire operator Heathcliff Haulage, which went into administration in January.The Wisbech operator, which covered the PE and CB postcodes for Palletways, left the network earlier this month.“This was a mutual decision based on the company’s ability to ...
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Article
JDL Logistics in administration with loss of 29 jobs
JDL Logistics has entered administration with the loss of 29 jobs.The Bedford-based operator entered administration on 30 October with Graham Wolloff of Elwell Watchorn & Saxton taking charge of the company’s affairs.In a statement the administrator said: “JDL Logistics had an average turnover of approximately £3.2million and operated a warehouse ...
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Article
C&H (Hauliers) parent Charles Gee in administration
The Charles Gee Group of Companies, parent company to C & H (Hauliers), entered administration today (21 October) following “acute cashflow problems”.The group’s 14 subsidiaries - including C&H (Hauliers) - provided, among other contracts, the transportation of wings for Airbus and the distribution of giant paper reels used at ...
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Article
Interoute Transport Services collapses into administration
Oxfordshire-based Interoute Transport Services has been placed into administration, and its transport business closed with immediate effect.The operator, which is based in Thame, appointed administrator Quantuma last Friday afternoon (17 May).MT understands that Interoute director Neil Daniells had been offering the business for sale ahead of its collapse.Carl Jackson, partner ...
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ArticlePickfords completes pre-pack administration
Removal and storage firm Pickfords has completed a pre-pack administration led by its existing management team.Administrator BDO, which was appointed to the Wembley-based Moving Services Group UK on 23 November, sold the removal firm to recently incorporated Pickfords Move Management on the same day.The two legal entities share the same ...
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ArticleBurdens in administration
Burdens, the civil engineering products and construction materials supplier, has been placed into administration.The company, which has 20 operating centres across the UK and an O-licence to run up 127 vehicles plus trailers, is in the hands of administrator Duff & Phelps.“We will continue to trade the company as a ...
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ArticleDBC Foodservice in administration
Own-account operator DBC Foodservice has been put into administration, after attempts to sell the business failed.By Chris DruceThe £300m turnover company supplies some of the best known cafes, restaurants and bars on the high Street including Café Nero, Prezzo, Loch Fyne and vodka bar chain Revolution.Other customers include hotels, local ...