Wed, 11 Jun 2025 | ADMINISTRATION
B Taylor & Sons Limited, a logistics and storage business based in Nottinghamshire, has fallen into administration and ceased trading. The company provided logistics and storage services across the UK, in addition to international freight forwarding and driver training.
Based in Sutton in Ashfield, the company commenced trading in 1974 and, at the time of its collapse, employed 91 staff at its 250,000 sq ft facility, having established itself as one of the region’s largest haulage firms.
Despite its strong industry standing, B Taylor & Sons was impacted by issues that have affected much of the logistics sector, including reduced demand and cost inflation. In accounts for the year to March 31 2024, directors said the operating environment remained “challenging”, citing intense competition and tight margins in the haulage industry.
While stating at the time of the accounts that they were “confident” that the business was “well-placed” to face its challenges, the directors ultimately decided it was unable to continue trading as a result of external factors and its own financial position.
Benjamin Peterson and Danny Dartnaill of BDO were subsequently appointed as joint administrators of the company on June 9. Upon the appointment of the joint administrators, the company ceased trading and the majority of the employees were made redundant, with a small number retained to assist in the administration process.
Commenting on the company’s collapse, joint administrator and BDO Restructuring Partner Benjamin Peterson said: "Unfavourable market conditions have led to unsustainable commercial losses and, unfortunately, it has not been possible to secure a future for the company.”
"As joint administrators, we will be taking the necessary steps to maximise returns for the benefit of all creditors in accordance with our legal duties."
In the firm’s accounts for the year to March 31 2024, turnover stood at £15.7 million, down from around £17.5 million a year earlier, while pre-tax profits fell from approximately £1.6 million to slightly over £1 million.
At the time, its fixed assets were valued at £8.2 million and current assets at £8.3 million, with net assets totalling £11.1 million.
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