Money

Courier company TGH Logistics has gone into liquidation, owing creditors over £130,000.

The courier, which was based in Toddington, Bedfordshire, provided an international and UK same day courier service, including regular deliveries for the banking sector.

It traded for over five years before appointing liquidator Nigel Spearing of Spearing Insolvency on 21 March.

According to the company’s statement of affairs, it owed creditors a total of £130,415 as of 21 March, including £21,000 to commercial vehicle finance firm Lex Autolease, £3,321 to card company Fuel Card Services and £25,000 in VAT to HMRC. Its bank, HSBC, was also owed £40,000.

Liquidator Nigel Spearing declined to comment.

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