Montgomery Transport founder Harold Montgomery has confirmed the demise of Birds Transport & Logistics, bringing the curtain down on a tough period for the well known Midlands firm. In a statement sent to MT, Montgomery, who via his family’s Ballyvesey Holdings owns Birds along with a number of interests including trailer manufacturer Montracon, said: “There have been various rumours and speculation about what has been happening with our Birds Transport & Logistics business based at Oldbury, Birmingham. “We now wish […]
Almtone-owned Canute Group has narrowly avoided being wound up by HMRC after the taxman raised a petition against it. This came as the amount the firm owed to creditors ballooned to more than £135,000.
The government has rejected calls from two select committees for an urgent change in insolvency law, after the collapse of City Link last Christmas left sub-contractors and non-secured creditors £30m out of pocket.
Cardiff haulier Rhys Davies suffered a 50% fall in revenue with losses mounting to £3.5m in the year after it was bought by Cathay Investments, motortransport.co.uk has learnt.