The transport sector is showing increasing signs of financial strain, according to insolvency specialist Begbies Traynor. The firm’s Red Flag Alert research revealed a 16% rise in the number of road freight companies showing financial distress. The research, which monitors the financial health of UK road freight companies, found increased cost pressure from rising fuel prices and the uncertainty created by Brexit has resulted in 2,487 companies classified as under significant financial distress in Q1, compared with 2,153 in Q4 […]
A failed move into freight forwarding contributed to the collapse of Simon Widdowson last month, according to the firm’s administrator Begbies Traynor.
The administrators of a Cardiff-based haulage firm are pursuing legal action against one of the company’s former directors for an unpaid debt.
Skills for Logistics (SfL) has officially entered creditors’ voluntary liquidation.