Brexit uncertainty did for car transporter Beamish, says administrator


 

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 […]