UK haulage firm plunges into liquidation – family | Tech News
A family run haulage and freight company based mostly in Scotland has plunged into liquidation in one other main blow for the UK motoring industry. JKM Transport Solutions Ltd appointed directors on June 29, with the information launched within the Edinburgh Gazette within the early hours of July 3.
George Lafferty, of BTG Begbies Traynor (Central) LLP has been appointed because the liquidator overseeing the company. Companies House states the business has filed for insolvency, with a graduation of winding-up order starting on June 29. There is no info on what the information might imply for any potential job cuts at this early stage. J
JKM describes itself as a small family-run Haulage Contractor positioned in West Lothian, Scotland. The business was included in August 2021, that means the business was closing in on 5 years in operation. JKM Transport Solutions defined that the company lined every part from long-distance jobs to native store deliveries.
The business mentioned that since beginning out, they’ve constructed good robust relationships with prospects and proved to be dependable and immediate. JKM Transport Solutions defined that they operated its fleet 24/7 with their vans deployed always of the day to satisfy the calls for of the haulage industry.
The information is one other main blow for the haulage and freight sectors, which has already suffered a sequence of knockbacks this 12 months. An entire host of companies have dropped into administration and liquidation in what has been a powerful period for the industry.
K2B Transportation Limited, a family-run business working within the East Midlands, formally filed for liquidation back in June. It got here simply weeks after Sunhill Transport Limited, a freight company based mostly in Shropshire, appointed directors in May.
HGV coaching firm, ELI Group, which supplied coaching programs and lorry assessments, additionally plunged into liquidation in May. The Road Haulage Association beforehand warned that insolvency charges might “rise” because the affect of the battle within the Middle East put strain on companies.
RHA External Affairs Director, David Boot beforehand informed Express.co.uk: “While insolvency rates have slowed slightly, they remain far too high and well above pre-pandemic levels. The numbers tell a sobering story: nearly 400 hauliers went out of business last year, 470 the year before, and over 500 in 2023.”
Express.co.uk have contacted JKM Transport Solutions Ltd for remark.
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