Failed container haulier Deben Transport owed unsecured creditors close to £2.4m when it was placed into administration on 13 April, as well as more than £1.4m to HMRC. According to a report on the administration of the business by Ensors the prognosis for creditors is poor with a lack of saleable assets in the business meaning there is “unlikely to be a distribution of any kind to preferential or unsecured creditors”. That means the company’s 224 staff, who are considering […]
Cornish haulier Ian Aldridge Transport has entered administration and ceased trading.
Wincanton looks to be on course to achieve its stated aim of returning to profit this year, despite the impending loss of its finance director. In June Eric Born, chief executive at Wincanton, told MT the company would be back in the black in this financial year, after a pre-tax loss of £47.4m for the year ended 31 March. Extensive restructuring and the disposal of its European business is now starting to bear fruit according to the chief executive, who […]
Despite turnover rising by almost half in 2017 Simon Gibson Transport saw its profit fall for the third consecutive year as the firm continued to invest “heavily” in its fleet.