Seafield Logistics, which was one of 2014’s highest profile failures within road transport, has been dissolved bringing an official end to its story.
Collapsing in July 2014, Seafield’s bulk powder transport business was sold immediately to Abbey Logistics and its warehousing business based in Winsford was sold to Lomas Distribution by the administrator, Grant Thornton.
The Green Group also bought a warehouse and a number of the business’s assets from the administrator.
The move saved more than 100 jobs at the failed business, which had a turnover of £41.3m for the 18-month period between 1 July 2011 and 31 December 2012, when it also posted a pre-tax loss of £362,000.
Earlier this year the now defunct haulier’s liquidator said it had received unsecured claims of more than £7m from creditors.
Grant Thornton confirmed at this time that the final payout to those left out of pocket would be 18p in the pound, or £1.3m. The amount was broadly in line with an initial estimate.
Following the operator’s collapse, Abbey Logistics (bulk powder operation), Lomas Distribution (Winsford site) and the Green Group (warehouse) acquired a number of the business’s assets.