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Latest Administration news – Page 4
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Article
Hundreds of Wilko warehouse jobs at risk as bid for failed retailer misses deadline
More than 1,300 workers at two Wilko distribution centres are in danger of losing their jobs after a bid by private equity firm M2 Capital to buy the entire company fell through this week.The two distribution centres, located in Worksop, Nottinghamshire and Magor in Newport, employ around 1,300 staff across ...
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ArticleFreight Management European (FME) in administration
A Burton-on-Trent international haulage and warehousing firm has entered administration.Steven Currie at insolvency practitioners Currie Young was appointed to Freight Management European (FME) in Drakelow on 8 August.The company, which traded as AMCO Logistics, held a standard international licence for 40 HGVs and 40 trailers running out of two operating ...
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ArticleGXO tight-lipped over Wilko distribution contract after administrator confirms redundancies and store closures
Wilko’s administrator said it was likely there would be redundancies and store closures after it failed to find anyone to buy the entire group.PwC said it had held “extensive discussions” with interested parties and although discussions were continuing, “it’s clear that the nature of this interest is not focused on ...
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ArticlePre-pack sale of Portman Logistics to Challenge TRG Group saves 60 jobs
Administrators for container haulier Portman Logistics said 60 jobs had been saved after the Bury-St-Edmunds firm was sold in a pre-pack deal to part of the Challenge TRG Group.Portman, which operated out of three depots in the East of England traffic area and two in the North East, entered administration ...
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ArticleGXO to continue distribution for Wilko despite retailer's collapse into administration
GXO said it was continuing to fulfil its distribution duties for Wilko after the beleaguered retailer collapsed into administration this week.PricewaterhouseCoopers (PwC) was appointed as administrator of the high street shopping chain on Thursday (10 August) after battling “incredibly challenging trading conditions”.PwC said Wilko will continue to trade in all ...
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ArticleReport into Tuffnells' collapse confirms HMRC and unsecured creditors will lose millions
HM Revenue & Customs is “highly unlikely” to be paid the £10.5m it is owed in VAT and other taxes by Tuffnells Parcels Express, according to its administrator.In a report to creditors of the collapsed parcel firm, Interpath also said that staff owed an estimated £620,000 in wages, holiday pay ...
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ArticlePre-pack sale of Pallet Network haulier saves 28 jobs
A Lancashire haulage firm employing 28 staff has managed to avoid making them all redundant by achieving a pre-pack sale after it was heavily impacted by the Covid-19 pandemic.SCS Logistics, which traded out of Heysham and had a licence authorising 37 HGVs, was incorporated in 2011 but according to administrators ...
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ArticleCross Transport administrator urges struggling hauliers to seek advice ASAP
A joint administrator of Cross Transport is urging operators to seek professional guidance sooner rather than later, after the Birmingham-based haulier went under.David Kemp and Richard Hunt of nationwide insolvency practitioner, SFP, were recently appointed as joint administrators of Cross Transport Limited, which provided road haulage services across the UK ...
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ArticleTuffnells bought by on-demand delivery firm Shift
Shift, which offers on-demand delivery services using independent drivers, has bought Tuffnells out of administration.Announcing the deal, the tech-based firm, which is led by 29 year old founder and entrepreneur Jacob Corlett, said it is looking at re-opening some of Tuffnells' 33 depots and employing some of its former staff.Shift, ...
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ArticleQuarter of Tuffnells staff taking legal action over redundancy, law firm reveals
Around a quarter of the workforce of collapsed parcel firm Tuffnells is taking legal action against their former employer over the way their redundancies were handled, according to a law firm.Aticus Law said the number of employees had risen rapidly and currently stood at 522 who had instructed solicitors to ...
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ArticleWarrington haulier collapses after O-licence curtailed due to maintenance issues
Warrington-based haulier JPA Transport Services has entered administration, putting at risk around 24 jobs.The company, which held a standard international licence authorising up to 35 HGVs and nine trailers out of eight operating centres in the North West traffic area, appointed administrators from Leonard Curtis on 8 June.Its work involved ...
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Article
Former Tuffnells staff seek legal advice over redundancy procedure
Tuffnells staff who worked at the parcel firm’s depot in Nuneaton have approached a law firm to find out if they can get compensation for the way their redundancy was handled.More than 2,000 jobs were lost at the Sheffield-based delivery firm when it collapsed into administration on Monday (12 June).Just ...
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ArticleFormer Tuffnells staff hit out as row over redundancy payments mounts
Advice for former staff of collapsed firm Tuffnells Parcels Express who are seeking redundancy and other related payments has been issued by the Insolvency Service (IS).It said individuals who had an employment contract with the business are eligible to apply for redundancy from the IS but that workers and self-employed ...
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Article
Please hire our people: Tuffnells plea as 2,200 workers face redundancy
Tufnells Parcels Express is seeing a rapid response to its plea for logistics firms to take on some of its 2,200 staff, who are facing redundancy after the IDW carrier was forced to call in the administrators yesterday (12 June).As the company's 2,200 staff were told that the “majority” of ...
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Article
Tuffnells prepares to call in administrators
Parcel delivery firm Tuffnells Parcels Express has filed a notice of intent to appoint administrators and is expected to formally announce administration on Monday (12 June).Law firm TLT LLP filed a notice of administration on behalf of Tuffnells on Friday (9 June). The Sheffield-based IDW carrier called its drivers back to ...
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Article
Cross Transport enters administration
More than 100 jobs are at risk after a Birmingham-based haulage company called in the administrators.Cross Transport, which has an operating centre in Swadlincote authorising 20 HGVs, appointed insolvency experts SFP to the business on 5 June.According to official documents, it was established in 2010.It operated a range of vehicles, ...
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ArticleNLH Logistics administration prompted by fuel prices, driver accidents and pest problems
The administrator handling Crewe-based NLH Logistics said the haulier battled major increases in fuel prices, high levels of driver accidents and even pest control issues at its depot before it collapsed.Insolvency practitioners at Dow Schofield Watts in Warrington were appointed to NLH Logistics on 17 March, however in a report ...
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ArticleCost-of-living crisis to blame for Phoenix’s demise
The administrator for a 33-year-old Warwickshire haulier said the business failed due to the cost of living crisis, which had squeezed consumer spending.Phoenix Worldwide Logistics provided logistics and warehousing services to customers worldwide and traded out of depots in Dunchurch, Rugby and Coventry.It held a standard international licence authorising 29 ...
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ArticleKent fruit haulier collapsed amid soaring overheads and operational difficulties, administrator reveals
The administrator of Kent-based Coolfruit said it had been unable to save the fresh fruit haulage business and was now attempting to sell off its assets instead.The Ashford company, which traded out of two operating centres and held a standard international licence authorising 25 HGVs and 25 trailers, appointed administrators ...
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ArticlePhoenix Worldwide in administration
Warwickshire haulier Phoenix Worldwide Logistics has entered administration.Incorporated in 1990 and trading out of four operating centres in the West Midlands, the company held a standard international licence authorising 29 lorries and 29 trailers.Around half of its fleet was stationed in Rugby and in Dunchurch.It also operated warehousing with 11,000 ...