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 […]
The Widdowson Corporation has been officially dissolved, closing a tumultuous chapter in the long running saga that saw haulier AM Widdowson & Son hit the skids and ultimately cease to be.
The administration of Manchester construction haulier Digway was precipitated by Stobart Rail withholding £317,000 from the company after its new management discovered it had overpaid by hundreds of thousands of pounds.
Palletways UK has purchased longtime haulier member Systematic Logistics International (SLi) after it was placed into administration yesterday (29 November).