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.
A company that took on some of the work of a Cardiff haulier after it entered administration has now gone into liquidation.
Failed container haulier Deben Transport owed unsecured creditors close to £2.4m when it was placed into administration on 13 April, as well as more than £1.4m to HMRC.