Just one year after being bought by Cathay Investments, Cardiff haulier Rhys Davies has gone under after accruing “unsustainable losses” during the Covid-19 pandemic. Ian Vickers and Philip Harris, partners at business advisory firm FRP, have been appointed joint administrators to Rhys Davies & Sons today (8 December). In a statement the auditors said Rhys Davies, which was founded in 1952, “had been acquired by Cathay Group after a long period of losses and despite significant investment from its owners […]
The reign of Almtone-owned Canute Group came to an end today (21 December) just over seven months after it began with the pre-pack administration and sale of its predecessor company.
The UK transport industry has been hit hard by the Covid-19 pandemic, and continues to face some serious challenges. However, having spoken to the UK MD’s of all eight major truck manufacturers, Commercial Motor editor Will Shiers found positive signs of recovery.
The vast majority of workers across the transport and logistics industry believe that it is their employer’s responsibility to ensure they have the right protective equipment in the workplace – with a significant number stating they would refuse to go to work without the right PPE, according to a survey by Populus Data Solutions.