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A Redditch-based transport firm that entered administration a year ago, putting 39 employees out of work, has enough funds to pay them all the money they are owed.

In addition, administrators handling the affairs of S Walker Transport said unsecured trade creditors should also receive a dividend after it closed down following three decades of business.

The company appointed insolvency practitioners from Leonard Curtis to the firm on 25 February 2020 and all staff were made redundant.

Their claims are estimated to be around £34,000.

S Walker Transport held an international O-licence authorising a total of 35 HGVs and 39 trailers out of two depots in the Worcestershire town, undertaking a range of haulage work, including moving recyclable material and palletised goods.

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In a report to creditors, the administrators said the company would shortly be moving into liquidation to enable a payout to creditors.

It said that it had received offers totalling £36,000 + VAT for two trailers from McDon Transport, a haulier in Northern Ireland run by a former director of S Walker Transport.

Other assets were sold at auction, including eight other trailers, which raised an additional £100,000.

The report said: “There are sufficient funds available to pay preferential creditors in full and this will be paid in the subsequent liquidation.

“Based upon the information currently available, it is anticipated that there will be sufficient funds available to allow a dividend to be paid to unsecured creditors.”