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 […]
Carlson Vehicle Transfer, part of Groupe Cat, has bought some of the remaining assets of Quantum Automotive out of administration. Quantum appointed administrators Simon Plant and Daniel Plant of SFP on 31 January just days before the assets of sister-firm Sensible Transport were acquired by Autologic after it fell into administration with debts of almost £1m. Stuart Warren, MD of Carlson, tells MT: “We bought a few remaining assets and we are looking to take on a contract with one […]
Kinaxia Logistics director Peter Fields has described his latest purchase, BC Transport, as a “good solid business with great people” that ultimately stumbled as it was carrying too much debt.
Glenfield Storage Solutions, a successor company to failed Widdowson Logistics, remains a going concern despite net liabilities of close to £98,000.