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 […]
“Urgent action needed to stop avalanche of redundancies and insolvencies,” warns head of Logistics UK
Logistics UK has warned the government it needs to act now to stimulate economic activity and restore consumer confidence amid claims the nation’s businesses are “stagnating” after two months of cautious re-opening following the pandemic.
Aspray Transport is to close its doors next Friday (16 August) with up to 449 jobs potentially at risk of redundancy after attempts to revive the business proved in vain, Motortransport.co.uk can reveal.
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.