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. […]
Growth from new and existing contracts has seen CM Downton add 300 new vehicles to its fleet.
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.
A substantial fire and a significantly loss-making contract were two of the main causes behind the administration of Lincolnshire waste haulage firm Mid-UK Recycling (MUK), according to PWC.