UK haulage firm plunges into liquidation – open | Tech News
Another UK haulage business has fallen into problem and plunged into liquidation. POD Haulage Limited, a London-based freight company which opened 14 years in the past, appointed liquidators on July 9, with the information hitting the London Gazette within the early hours of July 27.
A earlier winding-up order revealed on July 6 defined that the firm was searching for collectors’ voluntary liquidation. This is a course of normally initiated by the company director and is voluntary, enabling the formal finish of an bancrupt company. At this early stage, it’s unknown what the choice will imply for employees on the company or any job cuts.
James Dowers and Jack Plunkett of RSM UK Restructuring Advisory have been appointed because the liquidators overseeing the business. POD Haulage Limited is a cargo and freight firm situated in Wembley, North London.
According to Companies House, the business was formally included on February 17, 2012, that means it celebrated its 14th anniversary earlier this 12 months. For additional affirmation, Companies House additionally lists the business’s present standing as “in liquidation”.
It has been a tough summer time for haulage and freight corporations, with a spring of firms dropping into liquidation and administration over the previous few months. Just final week, it was confirmed that J.M. Gorry & Son Limited, a haulage business primarily based in Morecambe, appointed directors on July 20.
The Road Haulage Association, the UK’s largest commerce affiliation for HGV, coach, and van operators, has beforehand warned a whole bunch of corporations have been at risk of closing. They admitted that the quantity of insolvencies was “tipped to rise” in 2026, regardless of practically 400 companies falling into problem final 12 months.
David Boot, RHA External Affairs Director advised 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 has contacted POD Haulage Limited for remark.
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