Latest Administration news
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ArticleLoss of £900,000 British Gas deal final nail in Trailar coffin, administrator reveals
Start-up firm Trailar Limited, which provided solar-powered panels for trailer roofs, collapsed into administration in August this year, owing £2.1m, after being hit by Covid, the Ukraine War, the international chip shortage, and a costly and failed attempt to gain equity funding, which contributed to British Gas pulling out of ...
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ArticleStruggling waste haulier sold to director’s son
Hampshire haulier PL Transport Logistics has been sold to its sole director’s son for £360,000 after it collapsed into administration.
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ArticleCartwright Bros site sold for seven figure sum
A former industrial unit that belonged to Cartwright Bros (Haulage) has been sold for its asking price of £3.3m following a bidding process.
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ArticleMcGregor Logistics sold in pre-pack administration agreement
Stricken South Yorkshire haulier McGregor Logistics has been sold in a pre-pack deal for £1.7m to an unconnected business, saving dozens of jobs.
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ArticleTruswell collapses with 86 staff made redundant
John Truswell & Sons, known as Truswell Haulage, has become the latest victim of crippling market conditions and entered administration.
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ArticleAdministrators take control of South Yorkshire haulier’s business
McGregor Logistics in Doncaster has officially appointed administrators to take control of its affairs, almost a month after it signalled it was in financial difficulties.
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ArticleSmartHub Logistics moves to appoint administrators
Construction logistics consolidation specialist SmartHub Logistics has given notice of its intention to appoint an administrator.
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ArticleInflation to blame for Wiltshire haulier’s administration
SL Transport’s collapse can be directly linked to soaring inflation which led to it suffering a loss of more than £200,000, according to its administrator.
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ArticleAdministrator spells out Kettering container haulier’s struggles
Almost 100 trade creditors of a Northamptonshire haulage firm that collapsed in the summer are owed nearly £1m, according to its administrator.
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ArticlePre-pack administration sale of JLF Moving Solutions after debts rack up
JLF Moving Solutions, a business within the Shift Group of companies, has been sold in a pre-pack deal after it hit financial difficulties, saving 55 jobs.
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ArticleAE Chilled snapped up for £100,000
The pre-pack sale of AE Chilled in August, caused largely by the collapse of its key customer UK Salads, cost £100,000, its administrator has revealed.
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ArticleH. Parkinson’s demise linked to dilapidations dispute
The company had been trading for more than 60 years.
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Article‘Business down the pan’: PT Hire in administration
Truck hire company PT Hire has entered administration, with insolvency experts citing “mechanical issues” with its fleet as a primary reason for its collapse.
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ArticleSouth Yorkshire haulier applies to appoint administrator
A Doncaster international haulage firm has lodged a notice of intention to appoint an administrator.
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ArticleScale of new company closures revealed in data analysis
Half of all haulage companies that were set up since 2019 have now entered insolvency proceedings or closed down, according to analysis of official figures.
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ArticleStruggling operators warned not to use liability avoidance schemes
Transport lawyers are warning directors facing mounting debts not to rely on so-called ‘corporate rescue’ schemes after the Insolvency Service shut down businesses that preyed on firms in financial distress.
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ArticleKnights of Old staff win pay claim
At least 80 former staff of the collapsed haulage firm Knights of Old have been successful in their legal action to claw back pay they were owed.
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ArticleAlton-based PL Transport Logistics moves to appoint administrator
A Hampshire haulage firm has entered administration following a breach in the terms of its company voluntary arrangement (CVA).
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ArticleS. L. Transport in administration
Wiltshire haulage firm S. L. Transport (UK) has called in the administrators after more than 30 years of trading.
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ArticlePrevent insolvency by knowing the warning signs
Business insolvency is a multi-faceted issue driven by a range of concerns, from a lack of meaningful management information to a bad corporate culture. These problems need scrutinising closely to understand the leading drivers of a fleet operators’ insolvency. Doing so can offer a chance of recovery, providing liquidation isn’t ...