Administrators handling the affairs of County Durham haulier Simpsons Logistics said it had stopped trading due to a combination of cash flow issues, a customer dispute and a winding up petition. The former Palletforce member and independent carrier of parcels and pallets entered administration in September, but according to consultants at RSM, 70 staff transferred to Logistics (Teesside) in August. The administrator has described the process as technically a pre-pack administration due to its speed. The following month, Simpsons Logistics’ assets, […]
Since July last year, the UK pallet networks have been facing the prospect of a new network entering the market. Principle Pallets is the brainchild of former Fortec directors Neil Hodgson and Marcus Fischer but Fortec network director Dave Spong and general manager operations Chris Dennigan (pictured above) tell MT that they haven’t heard much about the new venture. “Our members are telling us they have heard absolutely nothing from Principle,” says Dennigan. “They are on at least six months […]
Deben Transport was unable to save itself despite taking cost-cutting measures leaving it with no choice but to cease trading, as revealed by Motortransport.co.uk on Monday, its administrator has said.