Latest Administration news
VG Mathers collapses into liquidation after 58 years
Aberdeenshire haulier VG Mathers has ceased trading and entered liquidation, citing an “unprecedented squeeze” from rising fuel and insurance costs, increased compliance burdens and higher vehicle maintenance expenses.
Haulier failed after losing major customer, says Pall-Ex
An Avonmouth-based haulier ceased trading after losing a major customer that had relocated from the Bristol area, with Pall-Ex subsequently terminating its membership after the business confirmed it could no longer continue operating.
Insolvency data points to easing of pressure among hauliers
Tentative signs the industry is beginning to recover after a difficult start to the year are reflected in insolvency figures, which showed a significant reduction in appointments of turnaround experts.
Lincolnshire logistics provider collapses
Immingham-based freight firm Chambers and Cook (Eastern) has closed down after losing its biggest customer accounting for the majority of its revenue.
Pre-pack sale of Atlas to construction firm
Grab hire and muck away business Atlas Bulk Carriers has been sold in a pre-pack deal worth over £300,000 after it entered administration due to a downturn in the construction sector.
‘Fragile’ sector’s insolvencies having implications beyond haulage
The number of administrations and insolvencies in haulage this year has prompted renewed concerns over their wider impact, including freight capacity and the resilience of the country’s supply chains.
Haulage directors stripped assets to defraud creditors
Four people connected to a Stoke-based haulage company stripped out its assets and diverted money to other accounts despite an injunction placed on the business to prevent them doing so.
Norfolk haulage firm staff take payment case to court
Staff made redundant by a Norfolk haulage company two years ago said they were still trying to get money owed to them – and they’re now taking their fight to court.
Surrey aggregates specialist in administration
Woking-based muck away and aggregates haulier Atlas Bulk Carriers has become the latest company in the industry to succumb to administration.
Grenfell blamed for collapse of South East construction operator
One of the biggest construction haulage and plant hire firms in the London area collapsed after building works were halted following the Grenfell Tower fire, resulting in projects being delayed or abandoned.
