The administrator handling the affairs of failed Cornish haulier Ian Aldridge Transport has revealed that a director removed assets from the business before it was appointed, potentially breaching insolvency laws. BDO joint administrators Simon Girling and Christopher Marsden were appointed to the firm on 24 July 2019, following “poor trading conditions and the resultant pressure on working capital facilities”. However, in their latest progress report, the administrators said the majority of Ian Aldridge Transport’s major assets, which included vehicles, trailers, […]
No doubt about it, 2012 was incredibly tough for UK logistics operators. Profits were low, costs were high and obtaining credit to invest remained hard. The double-dip recession we all feared is in danger of turning into triple-fall and GDP growth was more sluggish than a snail on valium. Forecasts for growth in 2013 range from 1% by the Bank of England (BoE) to 1.4% by the Confederation of British Industry, with the BoE also predicting that it will be […]
Road transport software specialist Aquarius has developed a paperless digital signature system for drivers infringement letters that it claims will save fleet managers time and improve compliance through better record-keeping.
The chancellor has frozen fuel duty in his Autumn Statement today, meaning the scheduled rises scheduled for January and April next year will no longer take place. George Osborne gave no hint of a cut but said fuel would only see “inflation only rises” until September – effectively meaning the April 2013 increase has been deferred to 1 September 2013. PriceWaterhouseCoopers forecast the move would cost the public coffers £6bn, although research commissioned by campaign group FairFuelUK argued the planned […]