Long established Preston-based H Parkinson Haulage entered administration this week, with FRP Advisory taking control of its affairs.
The family-run company, which traces its roots back to the early 1950s, appointed insolvency experts on Monday (5 August).
Vehicle operator licensing records showed that the surrender of its standard national licence for 85 HGVs and 160 trailers is now under consideration by the traffic commissioner.
It operated out of five bases in the North West traffic area and one in Wales, where it had authority to run six trucks.
The last available set of accounts for the haulier, which offered transport, warehousing, repair and maintenance, as well as ATF services, reported revenues of £16.3m in the year ending 30 June 2023.
It had also returned to the black after making a pre-tax loss of £35,000 in 2022, with a pre-tax profit of £69,000.
The company declined to comment, but in its business review for the period, H Parkinson said that despite industry challenges it had sustained contractual and general work by increasing rates to mitigate rising costs.
“Competition in the haulage industry remains fierce especially at this time with the supply chain disruption, driver availability and inflation,” it said.
“The increase in inflation has far-reaching effects to all costs within the business pushing the extra costs to the customers where possible but continually threatening profit margins.”
FRP had not responded as we went to press.
