Latest Administration news – Page 10
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ArticleDuncan Adams believed to be in administration with 148 jobs at threat
Grangemouth Dock-based Duncan Adams is believed to have been placed into administration putting 148 jobs at risk.The haulier, established in 1960 by Duncan Adams, claims to be one of the largest privately owned haulage companies in Scotland.The firm, which has a base at Tyne Dock and an operating centre in ...
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Woodall Group succumbs and enters administration
Woods (Haulage), the Birmingham transport company that parted ways with The Pallet Network (TPN) in December and is known as Woodall Group, has gone into administration.Insolvency practitioners from Duff & Phelps were appointed to the Coleshill haulier earlier this month.The company has a licence authorising a total of 54 HGVs ...
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Simon Widdowson in administration
Haydock, Merseyside-based Simon Widdowson has entered administration.Gareth Rusling and Claire Dowson are handling the process for insolvency practioner Begbies Traynor, which according to newly published records at Companies House was appointed on the 21 December.The directors of the company are Simon and Derek Widdowson. The business held an O-licence authorising ...
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Hawk Plant (UK) collapses into administration
One of the largest independent plant hire firms has entered administration, two months after it said the collapse of Carillion had caused it disruption.Restructuring firm EY was appointed to Shropshire-based Hawk Plant (UK) on Monday (14 January), as well as to subsidiary businesses Hawk Plant Hire, Hawk Hire, Safety and ...
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Almtone owned Canute Group placed into administration; some jobs saved but 450 lost
The reign of Almtone-owned Canute Group came to an end today (21 December) just over seven months after it began with the pre-pack administration and sale of its predecessor company.Close to 600 staff at the firm were informed verbally at 4pm today that the business would be moving into administration ...
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ArticlePalletways buys network member Systematic Logistics International out of administration
Palletways UK has purchased longtime haulier member Systematic Logistics International (SLi) after it was placed into administration yesterday (29 November).A sale of the business assets of the Colchester-based firm, described as having been a member of the network for 24 years, was completed by Palletways UK today (30 November).Barry Byers, ...
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ArticleProlog in administration and up for sale
Prolog, a Nottinghamshire warehousing, distribution and logistics provider, has been put up for sale after entering administration as expected.In a statement Rebecca Dacre and Simon Chandler of Mazars confirmed they had today (26 November) been appointed as joint administrators of Promotional Logistics, which trades as Prolog.“Prolog is a provider of ...
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Prolog poised to enter administration
Prolog, a Nottinghamshire warehousing, distribution and logistics service, is expected to enter administration next week (26 November), its proposed administrator has confirmed.The company, which has licences authorising 16 HGVs out of its Sherwood distribution park depot, plus another seven from a site in Sudbury, Suffolk, employs 618 staff.Mazars said ...
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Donnelly Transport placed into administration with the loss of 27 jobs
Northern Ireland haulier Donnelly Transport has entered administration, with all 27 employees made redundant.The company, which was based in Scarva and operated in the UK and Ireland, specialised in steel haulage.The decision was taken to appoint joint administrators from RSM on 26 September.A spokeswoman for RSM said Donnelly Transport had ...
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Harris Transport placed into administration
Southampton’s Harris Transport, which ceased trading last week, has now been placed into administration.Alexander Kinninmonth and Richard Brewer of RSM Restructuring have been appointed as joint administrators of the Eastleigh-based transport, distribution and warehouse firm.On 17 August, prior to the appointment of the administrator, 70 staff were made redundant with ...
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ArticlePoundworld in administration with future of transport operation uncertain
Own account operator Poundworld Retail has appointed administrators after talks with a potential buyer collapsed.The retailer, which has a fleet of 75 vehicles and 140 trailers delivering to 355 stores, has been struggling against the falling value of sterling, weak consumer confidence and rising competition in the discount retail sector.Poundworld ...
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Canute Group business saved after pre-pack administration sale to Almtone
Struggling Canute Group has completed a pre-pack sale, in a move that saves 800 jobs at the business but will likely leave some creditors of the firm out of pocket.The company has been sold to Almtone, a holding company registered in September 2017, for an undisclosed sum. Almtone shares a ...
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ArticleBedworth Haulage sold in pre-pack administration deal
Warwickshire temperature-controlled transport firm Bedworth Haulage has been sold in a pre-pack deal, saving 21 jobs.Administrators from Quantuma were appointed to the haulier on 25 January and a sale to C4 Safety in the midlands was negotiated shortly after.Andrew Watling, partner at Quantuma, said: “The business was overcome by the ...
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Collapsed BC Transport owed almost £1.5m at point of administration
BC Transport owed almost £1.5m when it was placed into administration earlier this month, and unsecured creditors are unlikely to recover any money despite the subsequent sale of the business.The Bollington-based haulage firm was purchased in a pre-pack deal by Kinaxia Logistics on 5 December, after earlier efforts to market ...
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Further regulation of pre-pack administrations could be on the way
The government is investigating whether further regulation of pre-pack administration sales is needed, after measures were introduced to try and improve transparency.The review of the impact of these measures comes after MT's sister magazine Commercial Motor revealed that out of 371 pre-pack administrations since November 2015, just 53 were reviewed ...
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BC Transport will bounce back after administration, says new owner Kinaxia Logistics
Kinaxia Logistics director Peter Fields has described his latest purchase, BC Transport, as a “good solid business with great people” that ultimately stumbled as it was carrying too much debt.Speaking after rescuing the Bollington-based haulier from administration in a move that saved 50 jobs, Fields said it was a profitable ...
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ArticleKinaxia Logistics adds BC Transport, saving the business from administration
Kinaxia Logistics has added the ninth haulier to its rapidly expanding stable, rescuing Bollington-based BC Transport from administration.The Cheshire haulier is a founder member of the Palletforce pallet network and has an O-licence authorising up to 35 vehicles and 26 trailers, with a staff of 50.It joins a rapidly expanding ...
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Own-account giant Palmer Harvey & McLane in administration
One of the UK’s largest own-account operators, Palmer Harvey & McLane, has collapsed into administration and ceased trading with the immediate loss of 2,500 jobs.The wholesaler has more than 600 vehicles specified on its O-licence, which placed it at 23 in MT’s Own-Account top 50. This was published alongside our ...
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Keyne Express Deliveries and KED Logistics rescued from administration by Beaches Logistics
Keyne Express Deliveries and KED Logistics have been purchased by Beaches Logistics after both companies entered administration.All employees have transferred to Beaches and they will continue to operate from the Milton Keynes site previous occupied by Keyne Express.According to Helen Jarvis, Keyne Express Deliveries’ director, the administration on 20 November ...
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West of Scotland Heavy Haulage collapses into administration under weight of competition
Wind turbine transport firm West of Scotland Heavy Haulage has entered administration due to “growing competition, rising costs and unsustainable cash flow problems”.FRP Advisory was appointed to the company, as well as at associated trading business West of Scotland Storage, late on 30 October.Founded more than 70 years ago and ...