Latest Administration news
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.
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.
Haulage MD fled country with company cash before it sank into insolvency
The boss of a Manchester-based haulage company abandoned his post and allegedly fled the country in the weeks leading up to its insolvency, its administrator has revealed.
Redundancies as Accrington haulier closes its doors
A long-established Lancashire haulage company has entered administration after coming under increasing financial strain, with 13 jobs made redundant.
Dorset hauliers closed down amid “extremely challenging” conditions
Two haulage firms near the south coast and operating out of the same premises with the same directors collapsed due to the fallout from Brexit, Covid and rising costs, their administrator said.
