Bridgetime Transport Limited, one of the biggest employers in Cwmbran, South Wales, has called in the administrators.
The company, which was launched as a small family firm in 2002, operates a fleet of over 100 vehicles and employs close to 100 staff members.
The privately-owned firm is a member of Pall-Ex, Fortec and APC and joined the Pallet Network in July last year.
It specialises in general haulage, parcel deliveries, palletised freight, warehousing and storage and has its headquarters at the Ty Coch Industrial Centre in Cwmbran, South Wales, just off the M4 corridor, where it operates a 25,000sq ft warehouse.
The company is a subsidiary of Bridgetime Holdings, which is owned by Emma-Jane Evans and Robert Evans.
Huw Powell and Katrina Orum of Begbies Traynor in Cardiff were appointed as joint administrators on 29 January this year.
Begbies Traynor has yet to issue a statement on the administration of the company.
A spokesperson said the administrators would be contacting creditors shortly.
As MT went to press the company was not picking up calls at its Cwmbran headquarters.
