Bedworth Haulage was sold for less than £17,000 in a pre-pack deal that saved 21 jobs, after it went into administration last month. In a report to creditors outlining why the Warwick-shire temperature-controlled haulier failed in January after hitting a turnover of £10.5m in 2015, administrator Quantuma said the firm suffered “squeezed margins” due to fleet costs and unprofitable work. In 2015, a continental company Bedworth worked with removed a minimum guarantee for miles per vehicle per week from its […]
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.
Circle Express has continued to trade successfully under a Company Voluntary Arrangement (CVA), achieving its second consecutive profitable year.
Widdowson Logistics’ sister company Davis Haulage owed unsecured creditors £4.7m when it was placed into administration just before Christmas.