C&H (Hauliers) has been acquired by CM Downton in a deal that creates a £114m a year turnover haulage group. Charles Gee Group, parent company to C&H, entered administration last week citing “acute cash-flow problems”. Downton – MT Haulier of the Year 2012 – had a turnover of £93m in the financial year-ending 30 June 2012, posting a pre-tax profit of £6.3m. C&H had a turnover of £21.2m for the year-ending 31 March 2012, with a pre-tax profit of £215,702. […]
Unsecured creditors of failed Deben Transport will not see a payout unless a claim relating to the truck cartel case proves successful, the firm’s administrators have said.
Own account operator Poundworld Retail has appointed administrators after talks with a potential buyer collapsed.
Palletways member TAS Transport has ceased trading and been placed into administration, motortransport.co.uk can reveal.