All administration articles – Page 3
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MT ArticlePennies in the pound for creditors of North West freight forwarder
Trade companies owed money by a collapsed freight forwarder in Bolton could be lucky to get back just 2p in the pound, according to latest estimates by its administrator.
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MT ArticleAdministrator says Grimsby haulier’s problems linked to MAN engine issue
The administration of Transafe Logistics in Grimsby was connected to its sister company’s financial challenges brought about by serious mechanical problems across its MAN fleet, according to insolvency experts.
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MT ArticleSale of Ashville Aggregates collapsed at 11th hour
Ready mixed concrete supplier Ashville Aggregates and Concrete was on the verge of being sold before its funder withdrew from the offer and the business collapsed into administration, Leonard Curtis has confirmed.
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MT Article“Difficult trading conditions” push Glenfield Storage Solutions into administration
Leicester-based warehousing, pallet storage and order fulfilment specialist Glenfield Storage Solutions has called in the administrators, after struggling with “difficult trading conditions” which resulted in reduced occupancy of the site.
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MT ArticleTransafe Logistics appoints administrator
Grimsby operator Transafe Logistics has entered administration after notifying the courts of its intention last month.
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MT ArticleShrewsbury haulier’s administrator describes financial descent
International haulage firm Joyce European Logistics was “greatly affected” by Brexit before being hit with twin body blows from Covid and the driver shortage, which precipitated its slide into administration.
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MT ArticleAdministrator: cracks at Strata Logistics emerged following customer’s collapse
Strata Logistics collapsed into administration after one of its customers entered liquidation and it incurred a “significant” bad debt, its administrator has revealed.
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MT ArticleCreditor told Bedfordshire’s Strata Logistics sold
Bedfordshire haulage firm Strata Logistics’ financial difficulties appeared to have been confirmed this week after evidence emerged it had been sold to another transport company.
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MT ArticleHaulage company in Beds set to appoint administrator
A Bedfordshire haulier operating 30 HGVs out of three bases has filed papers to appoint an administrator.
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MT ArticleTransafe Logistics files intention to appoint administrator
Specialist transport firm Transafe Logistics in Grimsby has lodged papers in court declaring its intention to appoint an administrator.
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MT ArticleAdministrator: cargo bike courier Zedify failed due to low volumes and high costs
Zero-emission, last-mile delivery service Zedify was unprofitable ever since the business first launched 10 years ago, according to its administrator.
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MT ArticleWarehouse ‘sprinkler malfunction’ caused £20K damage to books ahead of administration
A creditor for freight forwarder Tailormade Logistics, which collapsed into administration in February, has criticised the company after more than £20,000 worth of goods were damaged in its warehouse in the run-up to its insolvency.
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MT ArticlePreston haulage firm’s creditors expected to receive distribution
Firms owed money following the collapse of H. Parkinson Haulage last year are likely to be paid back at least some of their cash, according to latest estimations by its administrator.
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MT ArticleLicence refused after haulier chose suppliers over tax payers
A licence application by a haulier to operate 15 trucks has been refused after a traffic commissioner found that the business it had bought out of administration paid suppliers in favour of meeting its tax liabilities.
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MT ArticleNeed to relocate helped push Ashville Aggregates & Concrete over the edge, administrators reveal
Falling revenues and the need to move trading premises, which required “significant” funding to install a new railhead, pushed Ashville Aggregates & Concrete and Ashville Commercials over the edge, the companies’ administrators have revealed.
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MT ArticleFORS Gold Ashville Aggregates and Concrete Limited in administration
Materials supply, bulk haulage and tipper hire specialist Ashville Aggregates and Concrete Limited and its sister company Ashville Commercials Limited have fallen into administration.
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MT Article“Unexpected liabilities” discovered after Drac bought Caledonian Logistics
The company that acquired Caledonian Logistics before it collapsed last year said it had found “significant additional financial obligations” that had not been disclosed to it before buying the haulier.
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MT ArticleNorth West freight forwarder ceases trading
Bolton-based freight forwarder Tailormade Logistics UK, which also has depots across Europe, has closed down.
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MT ArticleInsolvent Oxfordshire haulier sold in pre-pack deal
The administrator for Swiftcare UK in Oxfordshire said 58 jobs had been saved after the business was sold in a pre-pack deal to its directors.
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MT ArticleJoyce European calls in the administrators
Temperature controlled specialist Joyce European Logistics has filed papers to confirm it has entered administration.