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 […]
Witham, Essex-based Orb Logistics, the succesor to Task Force Movement & Storage, has gone into administration.
Acumen Automotive Logistics claims it can triple its turnover in three years after winning a three-year contract with Jaguar Land Rover (JLR).
A shortage of suitable subcontractors contributed to a squeeze on margins at automotive logistics specialist Brit European Transport in its last financial year.