June is so far the busiest month of the year for sector insolvencies. Eight companies have entered administration this month, against seven in May, six in both January and March, five in April and three in February. The June figure may rise further, as the month is not yet over.
The most recent entry is European Cargo Limited, based in Birmingham, which entered administration on 18 June, with Teneo Financial Advisory Limited appointed as administrator.
Other June cases include
- BMB Logistics Ltd in Tonbridge and
- Mallock Limited in Leicester, both dated 12 June;
- Techlogico Limited in Knottingley on 8 June;
- Sunhill Transport Ltd in London
- and Pegasus Warehousing & Fulfilment Ltd in Oldham, both dated 3 June;
- and Nationwide Self-Storage Limited
- and Hamburg and London Maritime Services Ltd, both dated 1 June.
The figures cover the wider transport and logistics market — road, rail, sea, air, warehousing, fulfilment and storage — rather than road haulage alone.
Recent failures have spanned a range of operators. Sunhill Transport Ltd, a family-run haulier based in Deeside that had been trading since 1972, ceased operations after entering administration earlier this month, with around 32 redundancies reported. The company specialised in steel transport, and its collapse was linked to losses and cash-flow problems following sharp increases in fuel costs.
In May, Northampton-based Loop Logistics entered administration after 24 years. The operator, registered as Instant Despatch Services Limited, ran general haulage, palletised distribution, warehousing and contract logistics from the Westgate Industrial Estate, moving freight across the UK and into Europe through the Pall-Ex pallet network.
In April, Martyn Barratt Transport Limited, a Nottinghamshire haulier with 55 staff, entered administration despite its latest filed accounts still showing positive net assets. Companies House filings made shortly after the appointment of administrators showed part of the company’s charged assets had been released under an asset purchase agreement involving Zero Degree Logistics Ltd.
Roger Petch Transport Limited, a Yorkshire-based bulk tipper contractor that had operated for around 15 years, also went into liquidation. The company handled materials including sand, stone, gypsum, plastic pellets, ash, coal and biomass.
