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All administration articles – Page 9
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ArticlePalletways buys network member Systematic Logistics International out of administration
Palletways UK has purchased longtime haulier member Systematic Logistics International (SLi) after it was placed into administration yesterday (29 November).A sale of the business assets of the Colchester-based firm, described as having been a member of the network for 24 years, was completed by Palletways UK today (30 November).Barry Byers, ...
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ArticleProlog in administration and up for sale
Prolog, a Nottinghamshire warehousing, distribution and logistics provider, has been put up for sale after entering administration as expected.In a statement Rebecca Dacre and Simon Chandler of Mazars confirmed they had today (26 November) been appointed as joint administrators of Promotional Logistics, which trades as Prolog.“Prolog is a provider of ...
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Prolog poised to enter administration
Prolog, a Nottinghamshire warehousing, distribution and logistics service, is expected to enter administration next week (26 November), its proposed administrator has confirmed.The company, which has licences authorising 16 HGVs out of its Sherwood distribution park depot, plus another seven from a site in Sudbury, Suffolk, employs 618 staff.Mazars said ...
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Donnelly Transport placed into administration with the loss of 27 jobs
Northern Ireland haulier Donnelly Transport has entered administration, with all 27 employees made redundant.The company, which was based in Scarva and operated in the UK and Ireland, specialised in steel haulage.The decision was taken to appoint joint administrators from RSM on 26 September.A spokeswoman for RSM said Donnelly Transport had ...
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Harris Transport placed into administration
Southampton’s Harris Transport, which ceased trading last week, has now been placed into administration.Alexander Kinninmonth and Richard Brewer of RSM Restructuring have been appointed as joint administrators of the Eastleigh-based transport, distribution and warehouse firm.On 17 August, prior to the appointment of the administrator, 70 staff were made redundant with ...
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ArticlePoundworld in administration with future of transport operation uncertain
Own account operator Poundworld Retail has appointed administrators after talks with a potential buyer collapsed.The retailer, which has a fleet of 75 vehicles and 140 trailers delivering to 355 stores, has been struggling against the falling value of sterling, weak consumer confidence and rising competition in the discount retail sector.Poundworld ...
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Canute Group business saved after pre-pack administration sale to Almtone
Struggling Canute Group has completed a pre-pack sale, in a move that saves 800 jobs at the business but will likely leave some creditors of the firm out of pocket.The company has been sold to Almtone, a holding company registered in September 2017, for an undisclosed sum. Almtone shares a ...
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ArticleBedworth Haulage sold in pre-pack administration deal
Warwickshire temperature-controlled transport firm Bedworth Haulage has been sold in a pre-pack deal, saving 21 jobs.Administrators from Quantuma were appointed to the haulier on 25 January and a sale to C4 Safety in the midlands was negotiated shortly after.Andrew Watling, partner at Quantuma, said: “The business was overcome by the ...
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Collapsed BC Transport owed almost £1.5m at point of administration
BC Transport owed almost £1.5m when it was placed into administration earlier this month, and unsecured creditors are unlikely to recover any money despite the subsequent sale of the business.The Bollington-based haulage firm was purchased in a pre-pack deal by Kinaxia Logistics on 5 December, after earlier efforts to market ...
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Further regulation of pre-pack administrations could be on the way
The government is investigating whether further regulation of pre-pack administration sales is needed, after measures were introduced to try and improve transparency.The review of the impact of these measures comes after MT's sister magazine Commercial Motor revealed that out of 371 pre-pack administrations since November 2015, just 53 were reviewed ...
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BC Transport will bounce back after administration, says new owner Kinaxia Logistics
Kinaxia Logistics director Peter Fields has described his latest purchase, BC Transport, as a “good solid business with great people” that ultimately stumbled as it was carrying too much debt.Speaking after rescuing the Bollington-based haulier from administration in a move that saved 50 jobs, Fields said it was a profitable ...
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ArticleKinaxia Logistics adds BC Transport, saving the business from administration
Kinaxia Logistics has added the ninth haulier to its rapidly expanding stable, rescuing Bollington-based BC Transport from administration.The Cheshire haulier is a founder member of the Palletforce pallet network and has an O-licence authorising up to 35 vehicles and 26 trailers, with a staff of 50.It joins a rapidly expanding ...
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Own-account giant Palmer Harvey & McLane in administration
One of the UK’s largest own-account operators, Palmer Harvey & McLane, has collapsed into administration and ceased trading with the immediate loss of 2,500 jobs.The wholesaler has more than 600 vehicles specified on its O-licence, which placed it at 23 in MT’s Own-Account top 50. This was published alongside our ...
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Keyne Express Deliveries and KED Logistics rescued from administration by Beaches Logistics
Keyne Express Deliveries and KED Logistics have been purchased by Beaches Logistics after both companies entered administration.All employees have transferred to Beaches and they will continue to operate from the Milton Keynes site previous occupied by Keyne Express.According to Helen Jarvis, Keyne Express Deliveries’ director, the administration on 20 November ...
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West of Scotland Heavy Haulage collapses into administration under weight of competition
Wind turbine transport firm West of Scotland Heavy Haulage has entered administration due to “growing competition, rising costs and unsustainable cash flow problems”.FRP Advisory was appointed to the company, as well as at associated trading business West of Scotland Storage, late on 30 October.Founded more than 70 years ago and ...
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Ware Transport assets snapped up after airfreight specialist enters administration
Birmingham-based Ware Transport has been snapped up by Trilogy Freight after entering administration.DVSA records show air freight specialist Ware Transport (Birmingham) was authorised to run more than 20 vehicles at its base near Birmingham airport and also a Manchester site.A sub-contractor for the business, which lists its directors as Sarah ...
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ArticleMurrays Pallet Logistics in administration
Carlisle-based Murrays Pallet Logistics has entered administration.The company was a member of pallet network Palletways, but according to a spokesman the pallet service will continue because a network member has stepped in to handle the postcode.“The Palletways network services previously provided by Murrays will be picked-up by Beaches Logistics. We ...
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ArticleFleetstyle Distribution sold to Gateway to Wales after entering administration
Fleetstyle Distribution in South Wales has entered administration, 25 years after it first opened.The Swansea haulier, which had an O-licence authorising nine HGVs, appointed administrators on 11 September, but according to a spokesman at the firm its business and assets were then sold in a pre-pack deal.When MT contacted the ...
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Contact Transport goes into administration with the loss of 61 jobs
Birmingham contract haulier Contact Transport has gone into administration with 61 employees made redundant.The company appointed administrators from RSM on 20 April and the business is now being wound down.RSM said the company suffered losses following a drop in turnover volumes, high vehicle damage and insurance costs, as well as ...
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ArticleWiddowson Logistics in possible pre-pack administration as former staff go unpaid
Widdowson Logistics has gone into administration.But a new business, Glenfield Storage Solutions, which shares directors with Widdowson, has been registered at its Mill Lane headquarters in Glenfield, Leicester.Widdowson, part of the Davis Haulage Group owned by investment firm HLD Group, was placed into administration on 23 January with Leonard Curtis ...