Northern Ireland steel haulier Donnelly Transport struggled under the weight of a number of significant historical bad debts and increased operational costs in the run-up to its administration in September. Administrators at the Scarva-based firm also said that the high level of company liabilities meant that it could not be rescued as a going concern. All 26 employees were made redundant after RSM was appointed and it said estimated claims totalling £28,763 relating to wages and holiday pay should be […]
Oldham-based logistics firm NBS Transport’s assets will be auctioned later this month, after it collapsed in June with the loss of 20 jobs.
Failed container haulier Deben Transport owed unsecured creditors close to £2.4m when it was placed into administration on 13 April, as well as more than £1.4m to HMRC.
No doubt about it, 2012 was incredibly tough for UK logistics operators. Profits were low, costs were high and obtaining credit to invest remained hard. The double-dip recession we all feared is in danger of turning into triple-fall and GDP growth was more sluggish than a snail on valium. Forecasts for growth in 2013 range from 1% by the Bank of England (BoE) to 1.4% by the Confederation of British Industry, with the BoE also predicting that it will be […]