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.
The company, which was established in the 1950s and held an operator’s licence for 85 lorries and 160 trailers, collapsed into administration on 5 August.
FRP Advisory said the haulier, which is a subsidiary of the HPH Group, had faced unsustainable financial pressures, including property rents and insurance costs.
“It has unfortunately become unviable for the company to continue trading,” it added in a statement.
“Administrators have begun the process of realising the company’s assets. Some employees will continue to be employed by the HPH Group while FRP is supporting the rest with making claims through the statutory redundancy scheme.”
The last available set of accounts for the firm, for the trading period ending 30 June 2023, showed that H. Parkinson Haulage employed a total of 131 staff, 83 of which were drivers and 19 were warehouse employees.
David Acland, partner at FRP, said: “After 67 years of trading, it is unfortunate that shifting market conditions have led to H. Parkinson Haulage having to close down.
“Our focus now is on helping staff to access the support they need and making claims through the redundancy payments service.”
