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 […]
Simpson Logistics ran out of road due to a customer dispute and creditors chasing payment, says administrator
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.
By the time the Beast from the East had done its damage and spring was finally making itself known, official figures showed that there had been 574 insolvencies in UK logistics during the first three months of 2018.
Skills for Logistics (SfL) has officially entered creditors’ voluntary liquidation.