Sheerness-based car transporter Eulos.EU entered administration after refinancing its funding facilities in anticipation of a new contract – and then being told it had not won the deal. The fall into insolvency of the transport company, which also had offices in Northampton and Lithuania, is outlined in a report to creditors following the appointment of administrators at FRP on 23 December. Eulos.EU had been trading for a decade and was a UK based finished vehicle distributor. FRP said that the […]
Deben Transport was unable to save itself despite taking cost-cutting measures leaving it with no choice but to cease trading, as revealed by Motortransport.co.uk on Monday, its administrator has said.
Cutthroat competition and unprofitable contracts have forced aviation logistics group Global Eyes into administration with the loss of more than 80 jobs.