Former staff at Lincolnshire sugar beet haulier M and J Haulage are expected to be paid outstanding claims shortly following the firm’s collapse into administration last year.

It is still anticipated that companies owed money by the haulier will also receive a dividend, although the amount has yet to be finalised.

KPMG was appointed to the firm in October 2017 following an announcement by British Sugar that there would be a significant reduction in contract volumes from April 2018. The move compounded M and J’s existing financial problems.

In its latest progress report, KPMG said the company had an ongoing contract with British Sugar to supply 10,500 tonnes of sugar beet a year. This quota was sold, resulting in a realisation of £13,141.

The report said: “We anticipate we should shortly be in a position to move the company from administration in to creditors’ voluntary liquidation. Entering into liquidation will allow us to agree unsecured claims and make a distribution to them.”

M and J Haulage held an O-licence for 34 HGVs out of six depots in Lincolnshire.

Topics