A pre-packaged sale of Staffordshire haulier Pro Freight Solutions took place following the high-profile collapse into administration of its customer, The Book People. In a report to creditors, FRP Advisory said Pro Freight Solutions, which held a licence authorising a total of 30 HGVs out of two operating centres, first experienced financial problems in 2017 when it lost a number of customers, which historically placed around £2m worth of business with the general haulier. In an attempt to reduce costs, […]
Widdowson Logistics’ sister company Davis Haulage owed unsecured creditors £4.7m when it was placed into administration just before Christmas.
Turnover at county Durham car transporter Beamish Transport plummeted by 20% in 2018 “arguably because of Brexit uncertainty”, according to its administrator.
The administrator for Tachodisc said it is not possible to provide an accurate estimate of when unsecured creditors are likely to receive the money they are owed.