Turnover at county Durham car transporter Beamish Transport plummeted by 20% in 2018 “arguably because of Brexit uncertainty”, according to its administrator. In a report to creditors explaining how the established and profitable business was forced to close down in March of this year, KSA Group said the car sector had been beset by lower volumes and fierce competition. This was due to oversupply and lower demand for vehicle movements, it added. However, the referendum vote in favour of leaving […]
City Link’s administrator has revised up the amount it believes non-preferential creditors are owed by the collapsed parcel carrier. However, it said it is still waiting to hear from creditors that are owed a total of £12.8m that have not submitted a claim.
Keyne Express Deliveries and KED Logistics have been purchased by Beaches Logistics after both companies entered administration.
Maxi Haulage achieved a record turnover of £66.3m in 2018, but warned the impact of pre-Brexit stockpiling on its Irish operation will hit its current year’s trading.