Rescued haulier had been crippled by its charging structure, report reveals


 

Crouch Logistics was hampered by a tiered charging structure which led to it losing money on each of its drivers, every day, before it eventually collapsed into administration and was sold back to its management for £150,000, documents revealed. The Lutterworth-based haulier had recovered from losing a major contract worth £6.5m in 2016 and turnover had returned to around £11m before Covid struck. In a report to creditors, administrators at Leonard Curtis said the pandemic had a significant impact on […]