Loss of key customer led to Stanian sale, say administrators


 

Stanian Transport’s insolvency can be traced back to the loss of a key customer 18 months ago, which set in motion a chain of events that led to its pre-packaged sale last month, according to administrators. The long-standing Manchester haulage business was sold for £35,000 on 18 November to the children of its directors, who run a much smaller transport firm called HNC Transport and traded out of the same premises as Stanian. In a report to creditors, administrators at […]