Subcontractors for failed intermodal container haulier Catalyst Road and Rail Services have been handed a lifeline after Deben Transport stepped in to take on some of the work. Catalyst Rail Services, which holds two O-licences for a total of 25 vehicles and 29 trailers entered voluntary liquidation on 24 April. In a statement of affairs the liquidator estimates that trade and expense creditors are owed £982,000. It also said that the company’s books and records revealed that its bank account […]
MT Top 100 company Deben Transport has ceased trading, with an administrator expected to be appointed later today.
More than one-third of transport and haulage businesses in the UK are at risk of collapse, according to insolvency trade body R3.
The acquisition of administration-hit Elite Transport Services pushed Deben Transport into the red last year.