The demise of Gulliver’s Truck Hire in December last year was triggered by an increasingly competitive market, falling demand for trucks and vans and “issues” with the firm’s three axle tractor units, according to the firm’s administrators. The Bristol-based company, which operated a fleet of 3,800 commercial vehicles and employed 282 staff across seven sites, went into administration on 18 December last year, owing £16.9m to 680 creditors and £76m to 13 HP funders. A report published this month by […]
A reliance on agency staff and hire vehicles at CS Ellis to meet an increase in work dented the operator’s annual profit, newly published accounts show.
Mergers and acquisitions (M&A) activity in the transport sector throughout the world is predicted to rise for the fourth consecutive year, according to a report from KPMG.