The collapse of Surfair Global Logistics has left more than 80 unsecured creditors facing losses amounting to over £1.1m, according to a report by the firm’s administrator Milner Boardman & Partners. The Derbyshire-based company’s Irish distribution partners were hit particularly hard when it went into voluntary liquidation last month. Dublin-based Landbridge Logistics is owed £125,858, Enniskillen logistics company A1 Transport is facing losses of £119,502 and PMP Transport of Armargh and Lurgan-based Woolsey Freight are seeking repayments of £65,652 and £49,936 respectively. Surfair’s […]
No doubt about it, 2012 was incredibly tough for UK logistics operators. Profits were low, costs were high and obtaining credit to invest remained hard. The double-dip recession we all feared is in danger of turning into triple-fall and GDP growth was more sluggish than a snail on valium. Forecasts for growth in 2013 range from 1% by the Bank of England (BoE) to 1.4% by the Confederation of British Industry, with the BoE also predicting that it will be […]
An online sale of assets belonging to an Oldham-based logistics firm that entered administration in June has raised around £45,000 – but creditors are still unlikely to be paid.