Haulage and warehousing company and Ipswich Town FC sponsor Magnus Group has filed a notice of intention to appoint administrators in court.
The firm, which has been trading since 1973 and offers road and air freight, warehousing and pallet services, filed the notice on Friday 10 November.
It currently holds an international licence authorising a total of 87 HGVs and 105 trailers running out of three operating centres in the East of England traffic area.
A notice of intention outlines to the court that a business intends to enter insolvency proceedings if a solution cannot be found to its financial problems.
Ellisons Solicitors are named as the company’s representative.
Magnus Group has sponsored the West Stand at Ipswich Town’s Portman Road since 2021 but in a statement published on the club’s site on 15 November, the football club said: “Ipswich Town Football Club can confirm that its corporate partnership with Magnus Group Ltd has ended through mutual agreement.
“The club would like to thank Magnus Group, including Olly Magnus, CEO of the company, for their support in that time.”
When Motor Transport contacted Magnus Group, a spokesman declined to comment.
Ellisons also declined to comment further.