Unsecured creditors of failed Deben Transport will not see a payout unless a claim relating to the truck cartel case proves successful, the firm’s administrators have said. The Felixstowe-based haulier employed more than 200 staff and had offices in Hull, Southampton, Tilbury, Alconbury, Birmingham, Manchester, Leeds, South Shields and Doncaster. It ceased trading in 2015. The company had seen a decline in its turnover from approximately £30m at its height and recorded losses in the last two years of trading. In […]
While Motortransport.co.uk did not see as many industry insolvencies or closures in 2016 as in previous years, there were still a number of high-profile cases that shocked the transport sector.
One of the largest independent plant hire firms has entered administration, two months after it said the collapse of Carillion had caused it disruption.
Oxfordshire-based Interoute Transport Services has been placed into administration, and its transport business closed with immediate effect.