All administration articles – Page 2
-
MT ArticleSouth Molton Transport’s financial struggles outlined in report
A Devon haulier’s collapse into administration has been blamed on spiralling fuel prices, high financing costs and loans, as well as a VAT error in its accounts that added £280,000 to its debts.
-
MT ArticleHMRC attempting to wind up Scottish transport and storage firm
One of Glasgow’s leading removals and storage companies has had a petition to wind up operations served on it, putting at risk nearly 20 jobs.
-
MT ArticleTenants vacating premises precipitated Circle’s pre-pack sale
Circle Express was on the verge of becoming profitable following a major restructure when two of its business tenants announced they were moving out, making operations unsustainable according to its administrator.
-
MT ArticleFigures suggest haulage insolvencies have peaked
The number of insolvencies in freight transport may have already peaked, according to estimated official figures for the sector.
-
MT ArticleYorkshire scrap metal recycler and haulier in administration
One of the largest independent metal recycling companies in Europe and its transport arm have plunged into administration with the loss of more than 100 jobs.
-
MT ArticleMT Transport and recycling firm sold for more than £3.5m
The pre-pack sale of a West Midlands metals recycler and its transport division just before Christmas cost its purchaser £3.6m, the administrator has confirmed.
-
MT ArticleLoss of major contract led to Lancashire haulier’s closure
Earl Transport in Accrington collapsed after almost 30 years of trading when its largest customer enforced “uneconomical” restrictions on a contract and then withheld a £156,000 payment, new documents revealed.
-
MT ArticleCircle Express’ purchaser says firm can “thrive”
The new owner of Circle Express said all 158 jobs at the air freight specialist were saved when it bought the firm out of administration just before Christmas.
-
MT ArticleDevon haulier collapses with loss of 20 jobs
South Molton Transport, a North Devon-based aggregates haulier, has entered administration after it ceased trading in November.
-
MT ArticleCircle Express calls in the administrators
Air freight specialist Circle Express collapsed into administration and has now been sold to new owners, its chief financial officer (CFO) told Motor Transport.
-
MT ArticleRecycling company and haulage subsidiary sold out of administration
A West Midlands scrap metal recycling company and its transport division have been sold in a pre-packaged administration deal that saves 39 jobs.
-
MT ArticleNorfolk crop haulier closes down
A Norfolk haulage firm specialising in the transport of animal feed and straw has entered liquidation after owing HM Revenue and Customs more than £190,000.
-
MT ArticleFamily-run haulier enters administration in run-up to Christmas
Bedfordshire haulier and pallet network member News Transport has called in the administrators, just weeks before Christmas.
-
MT ArticleSix-figure price tag for East Yorkshire operator sold in pre-pack deal
The pre-pack sale of a Driffield agricultural haulier to its directors after it encountered severe cashflow problems cost more than £346,500, new documents have revealed.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.