All administration articles – Page 12
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MT Article
Ill health, Covid and and driver shortage tip haulier J&J Ashcroft into administration
Lancashire haulage and stone merchants company J&J Ashcroft has gone into administration after battling with ill health and the the impact of the Covid pandemic and the driver shortage.David Acland and Lila Thomas of FRP Advisory have been appointed as joint administrators to the family firm, which was founded in ...
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MT ArticleMV Commercial buys Fruehauf out of administration in “multi-million” pound deal
Specialist truck provider MV Commercial is to buy tipping trailer and rigid body manufacturer Fruehauf out of administration in a “multi-million” pound deal which will see the transfer of all 120 workers at the business.The company is promising to scale up production immediately and be able to offer 80-90 trucks ...
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MT ArticleTipper trailer producer Fruehauf enters administration
Lincolnshire-based tipper and rigid trailer manufacturer Fruehauf has been placed into administration.Hauliers and commercial vehicle suppliers said ongoing delays to orders had already led to a major trailer shortage across the entire supply chain.Fruehauf is understood to produce around half of the tipping trailers sold in the UK.Quantuma’s Carl Jackson ...
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MT ArticleWest Midlands logistics company collapses into administration
West Bromwich firm New Generation Courier (NGC) Logistics, which provided services across the UK and Europe, has entered administration.Insolvency practitioners from both Leonard Curtis and Carter Clark were appointed to the business on 29 March.The administrators were unable to comment as we went to press, but a statement on NGC’s ...
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MT ArticleTructyre hails new Covid-secure administration centre
Tructyre said its new ‘customer experience centre’ in Gateshead has created 100 jobs and provided a Covid-secure environment within which staff can work.Announced last year, the commercial tyre management company embarked on an expansion plan in the north east with the creation of a call handling and administration office.It said ...
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MT Article
Rhys Davies & Sons enters administration
Just one year after being bought by Cathay Investments, Cardiff haulier Rhys Davies has gone under after accruing “unsustainable losses” during the Covid-19 pandemic.Ian Vickers and Philip Harris, partners at business advisory firm FRP, have been appointed joint administrators to Rhys Davies & Sons today (8 December).In a statement the ...
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MT ArticleFormer Cartwright employees take legal action after trailer builder goes into administration
Former staff at Cartwright Group who lost their jobs when the business entered administration are pursuing legal action after alleging that it failed to properly consult them.Despite around 259 jobs being saved when Cartwright Fleet Services, Cartwright Rentals and Cartwright Finance were sold to leasing firm Zenith, law firm Simpson ...
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MT ArticleTipper haulier P J Brown (Construction) enters administration
FORS Gold member and tipper haulier P J Brown (Construction) has gone into administration.The administration follows the closure of construction sites across the country in the wake of the Covid-19 pandemic, which has hit the sector’s supply chain hard.The Crawley-based firm, which has an operating licence for 79 vehicles, has ...
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MT Article
Drive Force (UK) enters administration after 20 years trading
Bristol-based freight firm Drive Force (UK) has entered administration.Calls to its Gloucester Road, Avonmouth office were not being answered, but motortransport.co.uk understands that Paul Wood and Simon Haskew at Begbies Traynor were appointed as administrators of the business on 4 June.Incorporated in 1999, the company are specialists in bulk car ...
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MT ArticleAthena Haulage "trading as normal" after civil engineering division put in administration
Administrators appointed to Leeds-based Athena Civil Engineering have confirmed that its haulage arm, Athena Haulage continues to trade as normal.A spokeswoman for RSM Restructuring Advisory LLP said Jamie Miller and Gareth Harris had been made administrators of the ground engineering and civils specialist.However, Athena Haulage, which holds a standard national ...
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MT ArticleCardiff Container Link in administration
Cardiff Container Link, a domestic and container haulier, has gone into administration.Based in Roath Docks in Cardiff, the company provided container haulage to shipping lines and agents, as well as inland storage and handling and a courier service.It ran a fleet of 13 Daf HGVs, plus vans and moved up ...
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MT ArticleManchester construction haulier enters administration
Manchester construction bulk haulage firm Digway has entered administration after 50 years in business.The company, which traded as Digway Bulk Haulage, held a standard national licence for 15 HGVs, but according to licensing documents this authorisation had been revoked.Insolvency experts from Cowgill Holloway Business Recovery were appointed to the company ...
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MT ArticleDriver shortage and loss of key customers forced haulier into administration, report concludes
A Redditch haulier closed down with the loss of 39 jobs after it lost two major customers amid an ongoing struggle to recruit drivers, according to its administrator.S Walker Transport appointed Leonard Curtis to assist with winding down its business on 25 February, almost 19 years after it first began ...
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MT ArticleLaura Ashley and distributor Premier Home Logistics enter administration
The distribution company for Laura Ashley has entered administration along with the troubled retailer.In a statement, Laura Ashley said that for the seven weeks to 13 March, trading had improved by 24%, but that the COVID-19 outbreak had pushed it to the brink.The company has appointed administrators from PricewaterhouseCoopers, which ...
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MT Article
Car transporter Eulos.EU pushed into administration by failure to win contract
Sheerness-based car transporter Eulos.EU entered administration after refinancing its funding facilities in anticipation of a new contract – and then being told it had not won the deal.The fall into insolvency of the transport company, which also had offices in Northampton and Lithuania, is outlined in a report to creditors ...
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MT ArticleMajor assets of Ian Aldridge Transport "removed by a director" prior to administration
The administrator handling the affairs of failed Cornish haulier Ian Aldridge Transport has revealed that a director removed assets from the business before it was appointed, potentially breaching insolvency laws.BDO joint administrators Simon Girling and Christopher Marsden were appointed to the firm on 24 July 2019, following “poor trading conditions ...
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MT ArticleClugston Distribution Services sold to AJWG but remainder of group in administration
Administrators handling the affairs of Clugston Group said they had successfully agreed a sale of the share capital of its haulage arm, Clugston Distribution Services (CDS).CDS was not part of the insolvency process and continued to trade as normal following Clugston Group’s fall into administration last month.It has now been ...
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MT ArticleJames Shaw & Son in administration but jobs saved
Stephen Shaw and his son AndyThe limited company set up by sole trader James Shaw & Son when it purchased R Whittaker in 2018 has entered administration, with all the staff transferred over to the long-running business.Director Andy Shaw said the incorporation of James Shaw & Son in March 2018, ...
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MT ArticlePro Freight Solutions in administration
Staffordshire general haulier Pro Freight Solutions has entered administration.The company, which traded out of two premises in Burntwood and Walsall and held an O-licence totalling 30 HGVs and 32 trailers, called in insolvency experts from FRP Advisory on Christmas Eve.Incorporated in 2008, Pro Freight Solutions specialised in nationwide same day ...
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MT Article
Eddie Stobart Logistics lines up Deloitte for potential administration ahead of crunch shareholder vote on its future
Troubled 3PL Eddie Stobart Logistics (ESL) is reported to be lining up accountancy firm Deloitte to prepare it for insolvency if shareholders reject a rescue package from private equity firm DBAY Advisors.Investors will vote on whether to accept the deal tomorrow (6 December) and the Daily Telegraph claims ESL's holding ...