All administration articles – Page 3
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MT Article‘Business down the pan’: PT Hire in administration
Truck hire company PT Hire has entered administration, with insolvency experts citing “mechanical issues” with its fleet as a primary reason for its collapse.
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MT ArticleSouth Yorkshire haulier applies to appoint administrator
A Doncaster international haulage firm has lodged a notice of intention to appoint an administrator.
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MT ArticleScale of new company closures revealed in data analysis
Half of all haulage companies that were set up since 2019 have now entered insolvency proceedings or closed down, according to analysis of official figures.
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MT ArticleStruggling operators warned not to use liability avoidance schemes
Transport lawyers are warning directors facing mounting debts not to rely on so-called ‘corporate rescue’ schemes after the Insolvency Service shut down businesses that preyed on firms in financial distress.
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MT ArticleKnights of Old staff win pay claim
At least 80 former staff of the collapsed haulage firm Knights of Old have been successful in their legal action to claw back pay they were owed.
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MT ArticleAlton-based PL Transport Logistics moves to appoint administrator
A Hampshire haulage firm has entered administration following a breach in the terms of its company voluntary arrangement (CVA).
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MT ArticleS. L. Transport in administration
Wiltshire haulage firm S. L. Transport (UK) has called in the administrators after more than 30 years of trading.
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MT ArticlePrevent insolvency by knowing the warning signs
Business insolvency is a multi-faceted issue driven by a range of concerns, from a lack of meaningful management information to a bad corporate culture. These problems need scrutinising closely to understand the leading drivers of a fleet operators’ insolvency. Doing so can offer a chance of recovery, providing liquidation isn’t ...
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MT ArticleKettering haulier CTS Transport Group calls in the administrators
Kettering-based CTS Transport Group has appointed administrators, 20 years after the family firm was first launched.
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MT ArticlePre-pack deal saves jobs at Hampshire IT transport specialist
A Farnborough operator specialising in IT relocation projects has entered into a pre-pack deal after falling into administration, saving 59 jobs.
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MT ArticleTrade uncertainty led to bidder pulling out of Home Delivery Solutions sale
The company poised to purchase Home Delivery Solutions pulled out of the deal after the haulage firm’s customers said their existing business wasn’t guaranteed, according to its administrator.
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MT ArticleKNP Logistics premises snapped up in multi-million pound sale
A former KNP Logistics warehouse near Kettering has been sold in a multi-million pound deal.
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MT ArticleAdministrator confirms H. Parkinson Haulage has closed down
The administrator handling the affairs of Preston transport company H. Parkinson Haulage said the business had closed down and it was now supporting staff with their redundancy claims.
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MT ArticleAE Chilled’s workforce and supply chain secured following pre-pack acquisition
Temperature controlled distribution firm AE Chilled has been sold in a pre-pack administration deal, saving all 62 jobs and securing its future.
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MT ArticleH Parkinson Haulage latest to succumb to administration
Long established Preston-based H Parkinson Haulage entered administration this week, with FRP Advisory taking control of its affairs.
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MT ArticleThe Haulage Group’s collapse caused in part by HS2, says administrator
Administrators handling Sutton Coldfield-based The Haulage Group said its problems could be traced back to HS2 developers giving it one week to vacate the premises during the height of Covid.
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MT ArticleMore logistics companies collapsing than being launched, Parcelhero research reveals
More logistics firms and retail businesses are failing than are being launched, research from parcel delivery expert Parcelhero has revealed.
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MT ArticleAdministrator outlines collapse of OPX Logistics
The collapse of Swindon’s OPX Logistics was as a result of a high level of gearing and significant finance repayments, according to its administrator.
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MT ArticleFormer Cartwright Bros (Haulage) site up for sale
The main depot belonging to Cartwright Bros is on the market for sale with a £3.3m price tag.
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