Warwickshire temperature-controlled transport firm Bedworth Haulage has been sold in a pre-pack deal, saving 21 jobs. Administrators from Quantuma were appointed to the haulier on 25 January and a sale to C4 Safety in the midlands was negotiated shortly after. Andrew Watling, partner at Quantuma, said: “The business was overcome by the weight of historic debt and a number of recent unprofitable contracts. “We were able to achieve a sale to C4 Safety Ltd and save 21 jobs, with no […]
DHL has said it is too soon to know the impact that the collapse into administration of its client BHS will have on its operations.
Struggling M and J Haulage threw in the towel after learning client British Sugar was to reduce its work, report reveals
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.
A Birmingham contract haulier that entered administration earlier this year went from a £1m pre-tax profit to a £100,000 loss in just 20 months’ trading.