The collapse of a family-run, East Yorkshire haulage firm was triggered by rising fuel costs and the loss of contracts resulting in more than 20 redundancies, according to its liquidator.
The appointment of Begbies Traynor (BTG) as liquidator of Goole-based Roger Petch Transport last month was confirmed after the haulier fell into distress and ceased trading on 15 March.
BTG Eddisons, part of BTG, supported the sale of the haulier’s unencumbered assets to recoup money for creditors.
The company had been trading for 15 years and 24 staff were made redundant when it was forced to close.
Mike Jenkins, partner at BTG, said: “Roger Petch Transport was a family-run business which had enjoyed successful times during its long trading period.
“However, having experienced recent difficulties including a rise in costs of fuel and operations as well as a loss of some contracts, the company directors explored options for survival.
“However, with no other viable option they were left with little alternative but to make the very difficult decision to close and make employees redundant.”
Jenkins added: “Fortunately, many of the employees that were made redundant at the time of the company’s closure have been able to find new employment within the industry.
“I know that the directors wish them all the best in the future and hope that they can be very successful going forward.
“The logistics market is very competitive at the moment, and colleagues across BTG have supported on companies being bought from administration across the UK.
“Yet unfortunately that was not an option here and we wish all the team the best in the next steps they take.”
