Latest Administration news
Administrator summarises pressures faced by collapsed firm Truswells
Truswell Haulage, the transport company that had been operating since 1940 and ran more than 100 HGVs, collapsed last year due to “macroeconomic factors and industry-wide challenges”, according to its administrator.
Jobs saved after Smarthub snapped up by parent company
A Rainham construction logistics specialist has been saved by its parent firm in a £50,000 pre-pack deal that experts said would save at least 17 jobs.
Reborn temperature-controlled haulier has last laugh
The industry has been battered by administrations and closures this year, so it is heartening to see at least one success story emerge from the ashes of insolvency in 2024: AE Chilled’s pre-pack sale.
Yorkshire’s TEF Transport in administration
TEF Transport in Scarborough has entered administration with around 60 jobs potentially at risk.
Administrator spells out PT Hire’s MAN truck problems
More details have emerged about the collapse of truck rental firm PT Hire, with its administrator saying it had more than 80 MAN lorries off the road at one point due to “significant mechanical issues”.
Centika’s administrator doubts distribution payout to creditors
Leeds-based haulier Centika Logistics, which collapsed earlier this year, is unlikely to be in a position to pay its trade creditors all of the £322,000 it is thought they might be owed, its administrator said.
Palletways ‘leverages member strengths’ to fill Caledonian Logistics’ work
Palletways has confirmed that the work undertaken by Caledonian Logistics has been spread between two of its members in an effort to shore up a void left by the collapsed haulier in Scotland.
Yorkshire operator latest to file intention of administration
Scarborough haulier TEF Transport, which was established more than 50 years ago, has filed papers in court to appoint administrators.
“Challenging trading” and lack of funding support sees Caledonian Logistics fall into administration
Inverness-based Caledonian Logistics has called in the administrators, just three years after being acquired by Staffordshire-based company Drac Logistics.
Loss of £900,000 British Gas deal final nail in Trailar coffin, administrator reveals
Start-up firm Trailar Limited, which provided solar-powered panels for trailer roofs, collapsed into administration in August this year, owing £2.1m, after being hit by Covid, the Ukraine War, the international chip shortage, and a costly and failed attempt to gain equity funding, which contributed to British Gas pulling out of ...
