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 […]
Key factors leading to Surfair Global Logistics demise were the owner’s inability to spend “sufficient time” at the business, due to a family bereavement, and an “unexpected trading loss” after inaccurate reporting of the company’s financial position.
Pall-Ex has moved swiftly to ensure coverage continuity after St Albans-based member Bill Chippington Haulage ceased trading last week. (14 June).
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.