Rate cut and owner’s illness added to PMP-Forward failure, administrators say


 

A rate cut on a major contract with Debenhams, combined with the owner’s long-term absence due to serious illness, helped tip haulier PMP-Forward into administration, according to Portland Business Recovery. Fareham and Felixstowe-based PMP-Forward, which transported goods for Debenhams, called in administrators Portland Business Recovery in August this year after suffering cashflow difficulties. The company’s problems coincided with MD and founder Stephen Ward suffering a serious illness in October 2017, from which he has since recovered, and Debenhams’ decision to […]