Alton Transport Service reveals reasons for its demise


 

Hampshire haulier Alton Transport Service has admitted that taking on “loss making” work from Palletline and losing a contract from Tarmac were to blame for its insolvency. The directors explained to administrators why the firm was struggling to continue trading shortly before the business and assets were sold in a pre-pack deal to Alton Transport Storage at the end of August. In a report to creditors, Quantuma LLP said the company directors had advised them that it had become insolvent […]