RPL Transport has followed parent company Bedfords Group into administration, motortransport.co.uk has learnt. RPL Transport, which trades as RPL Logistics and is based in Milton Keynes, appointed Howard Smith and David Costley-Wood from KPMG’s restructuring practice as administrators today (1 April). Smith and Costley-Wood were appointed administrators of Bedfords Group (Bedfords Limited) last week. Founded in 1984, business employed 30 people and provided logistics management, delivery and warehousing services to its clients across a range of sectors, including publishing, food […]
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.
Kinaxia Logistics director Peter Fields has described his latest purchase, BC Transport, as a “good solid business with great people” that ultimately stumbled as it was carrying too much debt.
Companies owed money following the collapse of own account operator Poundworld Retail may only receive a tiny fraction of the estimated £204m owed to them, after the administrator said there was just £600,000 available to distribute.