Latest Administration news
MT Transport and recycling firm sold for more than £3.5m
The pre-pack sale of a West Midlands metals recycler and its transport division just before Christmas cost its purchaser £3.6m, the administrator has confirmed.
Loss of major contract led to Lancashire haulier’s closure
Earl Transport in Accrington collapsed after almost 30 years of trading when its largest customer enforced “uneconomical” restrictions on a contract and then withheld a £156,000 payment, new documents revealed.
Circle Express’ purchaser says firm can “thrive”
The new owner of Circle Express said all 158 jobs at the air freight specialist were saved when it bought the firm out of administration just before Christmas.
Devon haulier collapses with loss of 20 jobs
South Molton Transport, a North Devon-based aggregates haulier, has entered administration after it ceased trading in November.
Circle Express calls in the administrators
Air freight specialist Circle Express collapsed into administration and has now been sold to new owners, its chief financial officer (CFO) told Motor Transport.
Recycling company and haulage subsidiary sold out of administration
A West Midlands scrap metal recycling company and its transport division have been sold in a pre-packaged administration deal that saves 39 jobs.
Norfolk crop haulier closes down
A Norfolk haulage firm specialising in the transport of animal feed and straw has entered liquidation after owing HM Revenue and Customs more than £190,000.
Family-run haulier enters administration in run-up to Christmas
Bedfordshire haulier and pallet network member News Transport has called in the administrators, just weeks before Christmas.
Six-figure price tag for East Yorkshire operator sold in pre-pack deal
The pre-pack sale of a Driffield agricultural haulier to its directors after it encountered severe cashflow problems cost more than £346,500, new documents have revealed.
Haulier’s collapse followed sales ledger overstatement
The collapse of a haulage firm in Herefordshire came after “significant discrepancies” were found on the sales ledger, which led to its invoice discounting facility being overdrawn by more than £1m.
