Davis Haulage collapsed after overextending itself, says administrator

As the dust begins to settle, following the collapse of Tuffnells Parcels Express this week, experts are warning of the likelihood of more insolvencies in the sector. Sheffield-based Tuffnells called in joint administrators Rick Harrison and Howard Smith of Interpath Advisory on Monday (12 June) after battling against tough trading conditions, the impact of the […]

BC Transport owed almost £1.5m when it was placed into administration earlier this month, and unsecured creditors are unlikely to recover any money despite the subsequent sale of the business.

Canute Group, which is due to shut its doors this week (21 December), was unable to demonstrate financial standing, MT can now reveal.