All administration articles – Page 6
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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Bulk Haulage, held a standard national licence for 15 HGVs, but according to licensing documents this authorisation had been revoked.Insolvency experts from Cowgill Holloway Business Recovery were appointed to the company ...
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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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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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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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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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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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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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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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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 ...
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ArticleStanian Transport rescued from administration after costly failed takeover
One of the longest-standing haulage businesses in Manchester has been saved after it entered administration following a failed attempt to purchase another firm, according to its director.General haulier Stanian Transport, which held an O-licence for 35 trucks and 50 trailers, appointed administrators Alvarez & Marsal Europe on 18 November.Director Theresa ...
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ArticleCorporate Road Solutions 24:7 enters administration
Supermarket distributor Corporate Road Solutions 24:7, which traded as Beau, has entered administration with the immediate loss of 66 jobs.Based on the Redmill Industrial Estate in Bathgate, West Lothian, the company had operated as a road haulage contractor and freight forwarder since 2005.KPMG was appointed to the firm on Monday ...
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ArticleContainer haulier NT Whitfield enters administration
Well-established Stockton-on-Tees container haulier NT Whitfield (Transport) has entered administration.The company held a licence for 35 HGVs and 80 trailers and operated out of a four-acre site on Portrack Lane in Stockton-on-Tees.It was formed in 1981 and had grown to provide a range of haulage, warehousing and logistics services, but ...
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Alton Transport Services goes into administration after CVA rejected
Hampshire logistics firm Alton Transport Service has entered administration.The company appointed Quantuma LLP to handle its affairs on 28 August, but according to director Michael Larvan, it has found a company to purchase its assets.When MT contacted the company, Larvan said: “We have been seeking advice from a solicitor and ...
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ArticleAspray Transport in administration due to "historical mismanagement", owners tell staff
"Historical mismanagement” combined with operating licence "issues", Brexit and rising fuel prices led to Aspray Transport's demise, according to a letter sent by the firm's owners to its employees. The company, which was the delivery arm of Aspray Group, ceased trading last week, six months after the group was acquired ...
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Ian Aldridge Transport enters administration and ceases trading
Cornish haulier Ian Aldridge Transport has entered administration and ceased trading.However, a call to the company revealed that its haulage operation has apparently transferred to another business.Simon Girling and Christopher Marsden at BDO were appointed to the Launceston firm, which as well as general haulage also undertook refrigerated, waste and ...
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Nicholson's Transport ceases trading after being placed into administration
Billingham-based Nicholson’s Transport has been placed into administration and ceased trading, motortransport.co.uk can reveal.Nicholson Group – the parent company - is not affected with its general haulage, Hiab, warehousing and pick and pack services continuing.However the business’s work for The Pallet Network (TPN) and The Hazchem Network has ended.Nicholson’s Transport ...
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ArticleAxis Fleet Management collapses into administration and ceases trading
Contract hire and rental firm Axis Fleet Management has entered administration and ceased trading.Insolvency experts at FRP Advisory were appointed to the company, with a head office in Long Hanborough, Oxfordshire on 10 May.In a statement from the administrators it said “challenging trading conditions resulted in cash flow difficulties and ...
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Bedfords stablemate RPL Transport in administration too
RPL Transport has followed parent company Bedfords Group into administration, motortransport.co.uk has learnt.RPL Transport, which trades as RPL Logistics and is based in Milton Keynes, appointed Howard Smith and David Costley-Wood from KPMG’s restructuring practice as administrators today (1 April).Smith and Costley-Wood were appointed administrators of Bedfords Group (Bedfords Limited) ...
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ArticleBedfords Group collapses into administration and ceases trading
Bedfords Group has been placed into administration and has ceased trading.Howard Smith and David Costley-Wood of KPMG were appointed to handle the insolvency of Bedfords Limited, which trades as Bedfords Group, on March 27.A skeleton staff has been retained to assist the administrator with the insolvency process at its main ...
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Mark Priestley SDT sold after being forced into administration
Air freight logistics and refrigerated transport company Mark Priestley SDT has been sold to a new company after it entered administration.The Slough-based company, which held an international and national operators’ licence and ran more than 20 lorries out of four operating centres, went into administration on 22 February after a ...