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 […]
The assets and business of Palletline Logistics (Midlands) were bought for £71,000 in a pre-pack deal in July by newly formed Global Logistics Central on the same day the former went into administration, according to administrator RSM Tenon.
Kinaxia Logistics director Peter Fields has described his latest purchase, BC Transport, as a “good solid business with great people” that ultimately stumbled as it was carrying too much debt.