Davis Haulage, which was sold to Buffaload Logistics for £1.8m late last year, got into trouble after overextending itself, according to a report from administrator Leonard Curtis. The business, which traded from Crewe Distribution Centre Gateway spent £1.8m paid for through working capital on a new leasehold premises in 2013/14. However, uptake for its new dedicated chilled storage area was slower than anticipated, delaying rental revenues. A downturn in trade in 2014, which saw margins squeezed as overheads increased, resulted […]
Abbey Logistics and Lomas Distribution paid close to £300,000 for the majority of the bulk powder and warehousing business of collapsed operator Seafield Logistics.
Almtone-owned Canute Group has narrowly avoided being wound up by HMRC after the taxman raised a petition against it. This came as the amount the firm owed to creditors ballooned to more than £135,000.
Gloucester-based parcel delivery firm Lima Logistics collapsed into administration as a direct result of the Covid-19 pandemic, its administrators have said.