All administration articles – Page 6
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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.
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MT ArticleBanbury haulier enters administration
Oxfordshire domestic and commercial delivery haulier Swiftcare UK has called in the administrators after 30 years of trading.
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MT ArticleCollapse of S&J European Haulage leaves creditors out of pocket by millions
The administrators of Melton Mowbray-base haulier S&J European Haulage, which went under in March last year, have revealed that there are insufficient funds to fully reimburse the company’s secured creditors, whilst other creditors, will receive no payments at all.
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MT ArticleBucks bulk tipper firm in administration
Grain, feed and aggregate haulier Adstock Bulk Solutions has entered administration after almost 13 years of trading.
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MT ArticleYorkshire haulier’s directors ‘unaware’ of loss-making troubles
The directors of stricken haulage firm TEF Transport were unaware of the scale of its debts until just days before it was forced to close down, its administrator has revealed.
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MT ArticleElectric cargo bike company Zedify collapses after failing to secure new funding
Electric cargo bike logistics firm Outspoken Logistics, which trades as Zedify and counts Evri and Zara among its partners, has called in the administrators after failing to secure new funding.
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MT ArticleRate of new business failures in logistics sector still high but falling, new data reveals
New data from Kidderminster-based haulier Breakwells Transport delivers a glimmer of hope for the UK’s haulage industry, revealing that new business closure rates decreased between 2023 and 2024.
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MT ArticleTEF Transport’s creditors owed more than £2m
TEF Transport could owe more than £1.2m just to the companies it did business with, according to newly filed papers by its administrator.
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MT ArticleAssets of collapsed haulier TEF Transport up for auction
Just over a month after calling in the administrators, Yorkshire-based TEF Transport’s assets, including a fleet of 30 trucks and 60 trailers, are being auctioned off.
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MT ArticleTotal Home Delivery boss on the “heartbreaking” end of his business
The boss of a company that swooped in and took on all of Star Transport & Warehousing’s contracts, staff and customers when it collapsed into administration, has apologised “from the bottom of my heart” to anyone affected by its own collapse last September.
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MT ArticleAdministrator summarises pressures faced by collapsed firm Truswells
Truswell Haulage, the transport company that had been operating since 1940 and ran more than 100 HGVs, collapsed last year due to “macroeconomic factors and industry-wide challenges”, according to its administrator.
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MT ArticleJobs saved after Smarthub snapped up by parent company
A Rainham construction logistics specialist has been saved by its parent firm in a £50,000 pre-pack deal that experts said would save at least 17 jobs.
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MT ArticleReborn temperature-controlled haulier has last laugh
The industry has been battered by administrations and closures this year, so it is heartening to see at least one success story emerge from the ashes of insolvency in 2024: AE Chilled’s pre-pack sale.
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MT ArticleYorkshire’s TEF Transport in administration
TEF Transport in Scarborough has entered administration with around 60 jobs potentially at risk.
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MT ArticleAdministrator spells out PT Hire’s MAN truck problems
More details have emerged about the collapse of truck rental firm PT Hire, with its administrator saying it had more than 80 MAN lorries off the road at one point due to “significant mechanical issues”.
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MT ArticleCentika’s administrator doubts distribution payout to creditors
Leeds-based haulier Centika Logistics, which collapsed earlier this year, is unlikely to be in a position to pay its trade creditors all of the £322,000 it is thought they might be owed, its administrator said.
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MT ArticlePalletways ‘leverages member strengths’ to fill Caledonian Logistics’ work
Palletways has confirmed that the work undertaken by Caledonian Logistics has been spread between two of its members in an effort to shore up a void left by the collapsed haulier in Scotland.