Administration watch

A record 494 British haulage businesses entered insolvency in 2023, nearly double the number two years earlier, according to the latest data from the Department for Business and Trade.

It is also estimated that 33% of businesses in the sector are deemed maximum risk, up from 22% 12 months ago.

At Motor Transport we track and report on all the latest company administrations and liquidations in the transport and logistics industry.

Administration Watch provides you with detailed news stories and features, in date order, of every affected operator and manufacturer.

Administration news

Sales ledger accounting discrepancy

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.

Scrap metal

Metal recycling giant to be wound up

Hundreds of staff at scrap metal recycling company Unimetals are facing up to the prospect of redundancy after it filed a petition to enter compulsory liquidation.