Assets of collapsed haulier sold to Hub Freight in pre-pack deal


 

A Colchester haulage firm collapsed into administration after Covid-19 lockdowns destroyed its logistics work for touring musicians. Argo (Cargomasters) also came under significant pressure from the landlord of its warehouse after rental arrears accumulated during the pandemic. The haulier had undertaken a range of transport work over the years, but due to it taking on warehousing space it had recently diversified into delivering online purchases to customers. A large proportion of its client base also consisted of logistics support for […]