Felixstowe-based Searon Logistics has entered administration after its largest customer moved to Southampton, causing a significant increase in costs. Insolvency firm McTear, Williams & Wood was appointed by the company on 8 August after an attempt to find a buyer or a new investor failed. A spokesman for the insolvency practitioners said Searon Logistics had been trading since 2008, providing haulage and logistics services throughout the UK from its operating centre in Felixstowe. The company grew to generate a turnover […]
Creditors seldom get back all of the money owed to them when a company becomes insolvent, but you don’t have to take things lying down.
Bandvulc Plus+, the tyre management business of truck tyre retreader Bandvulc, has won a contract to provide services for Felixstowe-based Searon Logistics.
More than one-third of transport and haulage businesses in the UK are at risk of collapse, according to insolvency trade body R3.