Former Pall-Ex and Fortec member Transol Worldwide Logistics has been placed in liquidation after it appointed administrators earlier this year, owing £739,810. The Coventry-based operator, which had O-licences to run 20 vehicles and seven trailers across two sites in Coventry, was placed in liquidation on 9 July by administrators Brett Barton and Tony Mitchell, both of Cranfield Business Recovery. The haulier left Pall-Ex back in August 2012, just four months after it joined. It covered postcodes in Coventry, Rugby and […]
Pall-Ex has moved to ensure coverage continuity in the South-west by buying Cornish network member Intercounty Distribution for £700,000. The company based on the Pennygillam Industrial Estate in Launceston has an O-licence for up to 22 vehicles and eight trailers. It has been a Pall-Ex member for 14 years. Pall-Ex MD Adrian Russell said: “The opportunity was presented to us after Intercounty’s MD Nick Coombes announced his retirement earlier this year. We are happy that Nick has decided to stay […]
Creditors seldom get back all of the money owed to them when a company becomes insolvent, but you don’t have to take things lying down.