A Birmingham contract haulier that entered administration earlier this year went from a £1m pre-tax profit to a £100,000 loss in just 20 months’ trading. Contact Transport was suffering from creditor pressures and had fallen behind with its time to pay arrangement with HMRC when RSM Restructuring Advisory was appointed on 20 April . A report into the events leading up to the haulage company’s administration said the company reported steady profits for the years 2012-2014 and then a much […]
Contract hire and rental firm Axis Fleet Management has entered administration and ceased trading.
Creditors of collapsed parcel firm City Link are likely to receive just 1p for every pound they are owed, according to the company’s administrator.
Administrators for Ian Aldridge Transport said 30 staff were made redundant prior to its appointment in July.