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 […]
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.
NV Transport in Chichester has entered liquidation with the loss of 50 jobs.
Norbert Dentressangle’s five-year, £100m contract with Comet is in the hands of administrator Deloitte following the biggest high street collapse since Woolworths in 2008. Wincanton, Comet’s previous logistics partner, walked away from a warehousing and distribution deal with Comet on 30 April after it was unable to agree terms with OpCapita, the equity company that bought the chain at the start of 2012 from Kesa Electricals. A spokeswoman for ND said: “We continue to operate our contracts with Comet Group, […]