Administrators disclose full details of Fruehauf collapse


 

Fruehauf’s collapse can be attributed to a toxic mixture of Brexit, Covid-19 and a global shortage of materials, according to its administrator. In a report into the trailer maker’s descent from a leading manufacturer of tipping trailers holding 90% of the market share, Quantuma Advisory said unverified draft accounts for the year ending 30 September 2020 showed a significant loss of £2.7m. The administrators said since the business was incorporated in 2010, it was renowned for its production, quality control […]