Key factors leading to Surfair Global Logistics demise were the owner’s inability to spend “sufficient time” at the business, due to a family bereavement, and an “unexpected trading loss” after inaccurate reporting of the company’s financial position. The claims are made in a creditors report by administrators Milner Boardman & Partners following the voluntary liquidation of the company last month, which left over 80 creditors facing losses of more than £1m. The report says MD and owner Paul Cannon was […]
Roanza, the Mercedes truck dealer that entered into administration last month, had been racking up losses for several years, according to insolvency practitioners.
Matlock Transport was almost saved from closure in the days running up to its liquidation when an offer to buy the business was received, the liquidator has told motortransport.co.uk.
D&A Media Bristol has entered administration, with some of its customers and employees transferred to a new company set up by its former owners.