UK haulage company plunges into liquidation – | Tech News
Another UK freight haulage firm has plunged into liquidation in one other main blow for the industry. Mark Watkins Haulage Limited, a freight company based mostly in Cornwall, appointed liquidators on July 13.
The information was posted within the London Gazette on the afternoon of Tuesday, July 14, confirming the business had fallen into problem. However, it’s unclear what the influence on workers and potential job cuts shall be at this early stage. The business, based mostly at Newham Industrial Estate in Truro, Cornwall, opted for Creditors’ Voluntary Liquidation.
This is a legal process wherein the administrators and shareholders of a business have voluntarily chosen to dissolve the company and sell its belongings. This is normally director-led and doesn’t require a court docket order.
A Winding-Up order additionally launched on July 14 defined that the company “cannot, by reason of its liabilities, continue its business”. The report added that the company was being “wound up voluntarily”.
While in business, Mark Watkins Haulage offered freight and haulage companies to firms throughout the Cornwall area. The business specialised in haulage from native quarries, usually taking materials away from building websites.
According to Companies House, the business was first included back in 2015, that means it’s celebrating its eleventh anniversary this yr. The announcement is simply the most recent haulage firm to fall into problem in 2026, with a number of corporations pressured to close their doorways up to now this summer time.
Earlier this yr, the Road Haulage Association (RHA) defined that the quantity of freight corporations falling into insolvency had been anticipated to rise in 2026. They warned a whole bunch of corporations could possibly be at risk, pointing the finger at elevated working prices similar to greater fuel payments.
It is unknown what induced Mark Watkins Haulage Limited to fall into problem at this early stage.
RHA External Affairs Director, David Boot beforehand defined: “Higher interest rates, increased regulatory burdens, and ever-rising running costs continue to make trading more expensive, sending many long-established firms to the wall. Sadly, insolvency levels may rise as the impacts of the Middle East conflict continue in the months ahead.”
Express.co.uk has contacted Mark Watkins Haulage Limited for remark.
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