More details emerge on Cartwright collapse


 

The profitability of the Cartwright group was already on a “downward trajectory” before the advent of the coronavirus pandemic, with margins impacted by loss-making contracts, according to administrators. In a report to creditors, Michael Magnay and Daniel Smith at Deloitte LLP said the closure, break-up and sell-off of one of the UK’s leading trailer manufacturers was precipitated by losses in its largest business: S. Cartwright & Sons (Coachbuilders) (SCSC). The report said: “In recent years, the group has focused on […]