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 […]
Yodel has hinted that this financial year it will move into profitability for the first time since the business’s formation in 2010, off the back of increased volumes and new business wins.
A “strong” pipeline of new business in its logistics division helped Clipper Group offset a serious decline in turnover at its CV dealerships in the year to the end of April 2013, the firm’s annual accounts reveal.