While Motortransport.co.uk did not see as many industry insolvencies or closures in 2016 as in previous years, there were still a number of high-profile cases that shocked the transport sector. A former Tip-Ex haulier of the year became one of the first business casualties of 2016 when restructuring firm FRP Advisory announced Pryor Group (pictured right) was up for sale. The engineering and earth moving group had been poised to enter administration in January, due a severe shortfall in working […]
Ex-employees of defunct business Innovate Logistics will receive surprise payments three years after the business was dissolved, after the administrators applied for a £470,000 rates rebate.
A pre-packaged sale of Leicester transport firm AM Widdowson and Son was the culmination of a torrid two years that included the loss of contracts, under-estimated fuel costs and management systems that were not fit for purpose.