Contract hire and rental firm Axis Fleet Management has entered administration and ceased trading. Insolvency experts at FRP Advisory were appointed to the company, with a head office in Long Hanborough, Oxfordshire on 10 May. In a statement from the administrators it said “challenging trading conditions resulted in cash flow difficulties and despite efforts to find a buyer for the business, a sale could not be achieved. “This left the directors no option but to place the business into administration. […]
As hauliers face yet another rise this summer in insurance premium tax, MT looks at what action industry can take to lessen its impact
Bibby Distribution won back Tetrosyl from Canute Haulage Group just days before its rival’s pre-pack sale
Canute Haulage Group surrendered a contract with car care products manufacturer Tetrosyl days before its controversial pre-pack administration.
Car transporter Beamish Transport has ceased trading due to the downturn in the car industry and uncertainty surrounding Brexit.