BC Transport owed almost £1.5m when it was placed into administration earlier this month, and unsecured creditors are unlikely to recover any money despite the subsequent sale of the business. The Bollington-based haulage firm was purchased in a pre-pack deal by Kinaxia Logistics on 5 December, after earlier efforts to market the firm by Duff & Phelps attracted interest but no firm offers. The sale saved 50 jobs. According to BC Transport’s statement of affairs, Kinaxia Logistics paid £40,000 in […]
The collapse of Deben Transport highlights the urgent need to address the poor rates plaguing the container haulage market, the boss of Pentalver has said.
Southampton’s Harris Transport has closed its doors, with around 70 staff sent home last Friday (10 August).
Oxfordshire-based Interoute Transport Services has been placed into administration, and its transport business closed with immediate effect.