Birmingham contract haulier Contact Transport has gone into administration with 61 employees made redundant. The company appointed administrators from RSM on 20 April and the business is now being wound down. RSM said the company suffered losses following a drop in turnover volumes, high vehicle damage and insurance costs, as well as costs incurred in restructuring the business. It was unable to raise additional working capital or funding to pay creditors and it had also been served with a winding-up […]
The Charles Gee Group of Companies, parent company to C & H (Hauliers), entered administration today (21 October) following “acute cashflow problems”.
The administrator attempting to salvage Prolog said it is in discussions with more than 70 interested parties to try and agree a sale of the Nottinghamshire warehouse and distribution firm.
A rate cut on a major contract with Debenhams, combined with the owner’s long-term absence due to serious illness, helped tip haulier PMP-Forward into administration, according to Portland Business Recovery.