Administration watch

A record 494 British haulage businesses entered insolvency in 2023, nearly double the number two years earlier, according to the latest data from the Department for Business and Trade.

It is also estimated that 33% of businesses in the sector are deemed maximum risk, up from 22% 12 months ago.

At Motor Transport we track and report on all the latest company administrations and liquidations in the transport and logistics industry.

Administration Watch provides you with detailed news stories and features, in date order, of every affected operator and manufacturer.

Administration news

Alton-based PL Transport Logistics moves to appoint administrator

A Hampshire haulage firm has entered administration following a breach in the terms of its company voluntary arrangement (CVA).

S. L. Transport in administration

Wiltshire haulage firm S. L. Transport (UK) has called in the administrators after more than 30 years of trading.

Latest Administration news

Prevent insolvency by knowing the warning signs

2024-09-10T16:51:00+01:00

Business insolvency is a multi-faceted issue driven by a range of concerns, from a lack of meaningful management information to a bad corporate culture. These problems need scrutinising closely to understand the leading drivers of a fleet operators’ insolvency. Doing so can offer a chance of recovery, providing liquidation isn’t ...

Kettering haulier CTS Transport Group calls in the administrators

2024-09-09T17:26:00+01:00By Carol Millett

Kettering-based CTS Transport Group has appointed administrators, 20 years after the family firm was first launched.

Pre-pack deal saves jobs at Hampshire IT transport specialist

2024-09-06T16:18:00+01:00By Chris Tindall

A Farnborough operator specialising in IT relocation projects has entered into a pre-pack deal after falling into administration, saving 59 jobs.

Trade uncertainty led to bidder pulling out of Home Delivery Solutions sale

2024-08-29T13:13:00+01:00By Chris Tindall

The company poised to purchase Home Delivery Solutions pulled out of the deal after the haulage firm’s customers said their existing business wasn’t guaranteed, according to its administrator.

KNP Logistics premises snapped up in multi-million pound sale

2024-08-29T10:25:00+01:00By Chris Tindall

A former KNP Logistics warehouse near Kettering has been sold in a multi-million pound deal.

Administrator confirms H. Parkinson Haulage has closed down

2024-08-14T14:47:00+01:00By Chris Tindall

The administrator handling the affairs of Preston transport company H. Parkinson Haulage said the business had closed down and it was now supporting staff with their redundancy claims.

AE Chilled’s workforce and supply chain secured following pre-pack acquisition

2024-08-14T12:36:00+01:00By Chris Tindall

Temperature controlled distribution firm AE Chilled has been sold in a pre-pack administration deal, saving all 62 jobs and securing its future.

H Parkinson Haulage latest to succumb to administration

2024-08-09T15:51:00+01:00By Chris Tindall

Long established Preston-based H Parkinson Haulage entered administration this week, with FRP Advisory taking control of its affairs.

The Haulage Group’s collapse caused in part by HS2, says administrator

2024-08-08T11:58:00+01:00By Chris Tindall

Administrators handling Sutton Coldfield-based The Haulage Group said its problems could be traced back to HS2 developers giving it one week to vacate the premises during the height of Covid.

More logistics companies collapsing than being launched, Parcelhero research reveals

2024-07-31T09:46:00+01:00By Carol Millett

More logistics firms and retail businesses are failing than are being launched, research from parcel delivery expert Parcelhero has revealed.

More Administration news

Opinion

The need for radical transformation in the transportation of goods

We all recognise that transportation of goods needs to be more sustainable. Stats show that the logistics sector is the source of just over a third of global CO2 emissions, so it’s critical our industry prioritises this issue and plays an active role in driving proactive change. Days like tomorrow’s ...

Prevent insolvency by knowing the warning signs

Business Distress Index – where does the transport & logistics sector rank?

The Business Distress Index, released quarterly by Real Business Rescue, paints a picture of the financial health of UK SMEs across various sectors, including industrial transportation and logistics. It fleshes out the journey travelled by each sector under a range of trading conditions influenced by external factors, such as the ...

A ZEV mandate for HGVs: opportunity or disaster?

HGVs account for over 6% of Europe’s greenhouse gas emissions, placing a significant responsibility on our sector to decarbonise. The transition to zero-emission vehicles is well underway, with every OEM already growing its electric vehicle portfolio. So, what would a ZEV mandate for HGVs mean for OEMs already facing the ...

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