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 […]
EV Cargo company EVCL Chill has collapsed into administration, forcing customers Asda and Sainsbury’s to overhaul their chilled logistics operations.
Sprintdeliver went from a profitable distribution firm to making a £156,000 loss in just 12 months, as the impact of Covid-19 and a shortage of drivers hit the Derbyshire operator.
Davis Haulage, which was sold to Buffaload Logistics for £1.8m late last year, got into trouble after overextending itself, according to a report from administrator Leonard Curtis.