Rapid expansion and a change in the way invoices were generated were behind the failure of Slough-based Mark Priestley SDT, according to its administrator. In a report to creditors, SFP said that during 2017, turnover at the transport company more than doubled to £9m as it took on whole contract management work for a new customer. However, by the end of that year the directors realised “the correct foundations and employees were not held to complete the work” and it […]
Southampton’s Harris Transport, which ceased trading last week, has now been placed into administration.
“Historical mismanagement” combined with operating licence “issues”, Brexit and rising fuel prices led to Aspray Transport’s demise, according to a letter sent by the firm’s owners to its employees.
Davis Haulage, which was sold to Buffaload Logistics for £1.8m late last year, got into trouble after overextending itself, according to a report from administrator Leonard Curtis.