Major assets of Ian Aldridge Transport “removed by a director” prior to administration


 

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, […]