Companies owed money following the administration of sugar beet haulier M and J Haulage are estimated to receive a dividend of 10p in the pound. The Lincolnshire firm has now entered liquidation and in a report to creditors liquidator Mark Orton at KPMG said the timing and amount of any dividend will depend on further realisations and associated costs of winding the business up. KPMG was appointed to the firm in October 2017 following an announcement by British Sugar that […]
Struggling M and J Haulage threw in the towel after learning client British Sugar was to reduce its work, report reveals
Major sugar beet haulier M and J Haulage collapsed into administration due to a heavy reliance on finance to fund investments, low margins and the prospect of less work from British Sugar, according to KPMG.
M and J Haulage, a major sugar beet haulage contractor, has been placed into administration prompting concerns among growers that they’ll struggle to find another company to harvest and deliver the crop.