Tue, 20 Apr 2021 | ADMINISTRATION
West Bromwich-based courier and logistics firm New Generation Courier (NGC) Logistics has announced that it has entered administration. The company provides courier services across the UK and Europe, including storing and delivering parcels for Amazon.
A spokesperson has revealed that insolvency practitioners from Leonard Curtis and Carter Clark have been appointed as joint-administrators and tasked with managing the day-to-day running of the business as they review a number of options for its future.
A statement read: "The affairs, business and property of New Generation Courier Logistics Limited are managed by the joint administrators, Alan Clark of Carter Clark and Neil Bennett of Leonard Curtis Group, who act as agents of the company and without personal liability."
NGC Logistics, which employs around 100 members of staff, offers logistics services to both individuals and organisations that span multi-model networks across the world. Originally incorporated in 2008, the business holds the standard international operator licences in the East of England and West Midlands traffic areas, which authorises the operation of 10 and 16 HGVs respectively.
As part of its service, it offers a next day express package delivery option, as well as a European business freight service, warehousing and storage facilities and returns services for customised deliveries.
According to the last set of financial results for the company, its core activity is still a final mile delivery service. Figures also showed that, for the year ending 31 July 2019, NGC Logistics made a pre-tax loss of £137,000 on a turnover of £26.2 million.
View the latest distressed UK businesses here.
The wholesale business has an established trading history and has built up a strong reputation and a loyal customer base. Business is drawn from a wide demographic of clients with a good spread across different business sectors.
This is a lucrative opportunity to acquire a well-established plumbers and heating merchants business with a strong market presence, specialising in building, plumbing, and timber supplies.
Here's a rare chance to acquire a financially robust builders merchants business with a strong foothold in Merseyside.
11
|
Jul
|
Holiday letting agency acquires Cornish self-catering holiday specialist | BUSINESS SALE
Travel Chapter, a leading UK holiday letting agency, has ann...
11
|
Jul
|
Power services firm set to be acquired by US energy resilience group | BUSINESS SALE
The Wilmott Group Limited, a power services group with opera...
11
|
Jul
|
Dunfermline vehicle manufacturing services firm enters administration | ADMINISTRATION
A specialist manufacturing business based in Dunfermline has...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.