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 […]
GRP building components supplier Stormking has taken three Mercedes-Benz vans from Hexagon Leasing after using the contract hire and leasing specialist to replace its HGV fleet over the last three years.
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.