While 2018 is unlikely to be all plane sailing for road transport, things are looking up says Cato Syverson, CEO of Creditsafe. Figures from our most recent Creditsafe Watchdog Report show that the UK economic picture is starting to look a little less sluggish. Across 12 business sectors that we track on a quarterly basis, we saw outputs on the rise, with increased UK business sales and debt levels at a record low. In part, this narrative holds true for […]
More than one-third of transport and haulage businesses in the UK are at risk of collapse, according to insolvency trade body R3.
DBC Foodservice had no vehicle assets despite having 230 of them when it went under in March, as its fleet was run on a contract-hire basis. The £300m turnover company supplied some of the best known cafes, restaurants and bars on the high Street including Caffé Nero, Prezzo, Loch Fyne and vodka bar chain Revolution. DBC’s fleet of mainly Dafs delivered 8,000 multi-temperature products to customers each year. However, after attempts to sell the business earlier this year failed, administrator […]
Failed container haulier Deben Transport owed unsecured creditors close to £2.4m when it was placed into administration on 13 April, as well as more than £1.4m to HMRC.