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 […]
Unsecured creditors of Canute Haulage Group and its successor are set to be left almost £11m out of pocket after last year’s doubleheader of collapses.
Oldham-based logistics firm NBS Transport’s assets will be auctioned later this month, after it collapsed in June with the loss of 20 jobs.