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Latest Administration news – Page 4
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ArticleBritish electric van start-up Arrival faces threat of insolvency as it struggles to raise funding
Troubled British electric van start-up Arrival is in talks with EY about recruiting an administrator, if the company cannot secure rescue funding, according to reports.
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ArticlePre-pack sale saved parts of Bomfords’ operation
Bomfords Haulage’s goodwill and some of its assets were sold in a pre-pack deal to a subsidiary firm in the Bomfords Group, which helped rescue some of its business and staff, according to the administrator.
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ArticleLoss-making contracts contributed to demise of Gwynedd Shipping, administrators reveal
A number of loss-making contracts contributed to the demise of Anglesey-based logistics and shipping firm Gwynedd Shipping, according to the company’s joint administrators.
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ArticleGwynedd Shipping: Welsh logistics firm files for administration
Anglesey-based logistics and shipping company Gwynedd Shipping Limited has filed for administration this week, leaving scores of staff facing redundancy.
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ArticleHMF Services (Transport) falls into administration
Kent-based FORS Gold haulier HMF Services (Transport) has called in the administrators.
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ArticleBomfords Group in administration
Norfolk haulage firm Bomfords Group has collapsed into administration.
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ArticleW H Barley staff take legal action over firm’s collapse
A group of former employees of W H Barley (Transport and Storage) are taking legal action against the company following its collapse into administration just four days before Christmas.
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ArticleW H Barley enters administration
Milton Keynes-based pallet distribution and warehousing firm W H Barley (Transport and Storage) has entered administration.
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ArticlePre-pack sale of Magnus Group in creditors’ best interests, according to administrator
Magnus Group was making a £1m loss before it was sold in a pre-pack deal for £20,000, according to a report to creditors.
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ArticleVolta Trucks bought out of administration by Luxor Capital Group
Volta Volta Trucks has been bought out of administration by New York-based hedge fund Luxor Capital Group for an undisclosed sum, in a move which has been hailed as safeguarding the future of the electric truck start up.
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ArticleAcclaim Logistics acquires Steve Porter transport assets
Isle of Wight shipping specialist Acclaim Logistics has taken on nearly 20 staff members at the collapsed Steve Porter Transport Group as well as former MD Malcolm Gibson, after acquiring some of the assets of the company.
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ArticleS&L Services in administration with the loss of 33 jobs
The failure of a Stoke haulage operator was caused by soaring fuel prices, post-pandemic supply chain issues and a £100,000 bad debt after Kenyon Road Haulage collapsed, a report has revealed.
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ArticleJAD Trans Scotland enters administration
North Lanarkshire-based haulage firm has entered administration despite “significant efforts” by the directors to keep the business going. JAD Trans Scotland appointed French Duncan LLP to handle its affairs on 10 November after it had accrued significant debts which it was no longer able to service. The transport ...
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ArticleCertas buys business and assets of Green Biofuels
The business and assets of HVO supplier Green Biofuels have been acquired by energy firm Certas after it collapsed into administration.
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ArticleRecord 463 hauliers collapse in last year, report reveals
A record 463 British haulage businesses have collapsed in the last 12 months, more than double the number two years ago, according to data obtained by Price Bailey, the Top 30 accountants.
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ArticleHemisphere Freight Services to acquire two divisions of Magnus Group
Supply chain specialist Hemisphere Freight Services (HFS) is set to purchase the warehousing and freight forwarding divisions of Magnus Group, after the Ipswich-based haulier announced its intention to call in the administrators earlier this month.
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ArticleMagnus Group files intention to appoint administrator
Haulage and warehousing company and Ipswich Town FC sponsor Magnus Group has filed a notice of intention to appoint administrators in court.
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ArticleMagnus Group files intention to appoint administrator
Haulage and warehousing company and Ipswich Town FC sponsor Magnus Group has filed a notice of intention to appoint administrators in court.
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ArticleKinaxia buys Nelson Distribution as parent company KNP Logistics files for administration
Kinaxia Logistics has acquired the trade and assets of KNP Logistics Group subsidiary Nelson Distribution after the group, which includes Knights of Old and Steve Porter transport, filed for administration late last week, after suffering the fall out from a major cyber attack. Nelson Distribution, which is based in Belper, ...