Major sugar beet haulier M and J Haulage collapsed into administration due to a heavy reliance on finance to fund investments, low margins and the prospect of less work from British Sugar, according to KPMG. The Lincolnshire company appointed administrators on 12 October after it was informed by British Sugar of a “significant reduction in the contract volumes”, which was to take effect in April 2018. The move compounded the financial problems M and J Haulage was already experiencing, raising […]
Northern Ireland steel haulier Donnelly Transport struggled under the weight of a number of significant historical bad debts and increased operational costs in the run-up to its administration in September.
Contract hire and rental firm Axis Fleet Management has entered administration and ceased trading.
NV Transport in Chichester has entered liquidation with the loss of 50 jobs.