Thu, 18 Mar 2010 | ADMINISTRATION
JD Owen Transport Ltd, the freight forwarding business of haulage specialist Dai Owen, is being placed into administration, according to reports.
Administrators John Titley and Andrew Poxon of Leonard Curtis announced that they have been brought in to oversee the administration process. The firm reportedly came across problems after a fall in the amount of freight forwarding work in the North Wales area. It was also hit hard by the closure of the Indesit factory, which had been a major source of work for the firm for the three years beforehand.
Dai Owen, the owner of the firm, stated, "I've never had to go down the administration route before, but there was just no work on the freight forwarding side. The government has done nothing to help at all." He continued,” the list of creditors is not too bad".
A total of ten jobs have been lost as a result of the administration, which occurred despite the company’s £1.2 million average annual turnover.
Dai Owen’s other haulage firm, which he runs as JD Owen Transport is also struggling to find work and has had to cut its fleet by half, along with its number of employees.
The company, established seven years ago, specialises in selling, hiring and erecting safety decking systems for new build projects across Yorkshire. The company offers cost-effective lightweight system, backed by IP rights, which provides an excepti...
Offered for sale is a distinctive North American-inspired diner that has become a legendary presence in Scotland. The brand offers traditional comfort food with a unique twist, emphasizing big flavours, hearty portions, and locally-sourced foods.
LEASEHOLD
Based in the South West, this is a fast-growing printing company serving both local and national markets. With a comprehensive range of traditional and digital print operations, and boasting 39-years of printing experience, the company has establishe...
|
04
|
|
Oct
|
JMG-owned consultancy makes first acquisition | BUSINESS SALE
Lighthouse Risk Services, a specialist health and safety and...
|
04
|
|
Oct
|
PE-backed Kent housebuilder reveals double acquisition | BUSINESS SALE
Chartway Partnerships Group, a private equity-backed housebu...
|
03
|
|
Oct
|
Chesterfield engineering firm acquired from administration in pre-pack deal | BUSINESS SALE
An engineering company based in Chesterfield has been acquir...
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.