Bedworth Haulage sold for less than £17,000

Bedworth Haulage sold in pre-pack
 

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 […]