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 […]
Former staff at Lincolnshire sugar beet haulier M and J Haulage are expected to be paid outstanding claims shortly following the firm’s collapse into administration last year.
The administration of Manchester construction haulier Digway was precipitated by Stobart Rail withholding £317,000 from the company after its new management discovered it had overpaid by hundreds of thousands of pounds.
Matlock Transport was almost saved from closure in the days running up to its liquidation when an offer to buy the business was received, the liquidator has told motortransport.co.uk.