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Second administration in two years HUMBERSIDE-based DAS Transport (Hull) has

13th June 2013, Page 6
13th June 2013
Page 6
Page 6, 13th June 2013 — Second administration in two years HUMBERSIDE-based DAS Transport (Hull) has
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entered administration for a second time in two years, after an attempt by creditors to wind it up through the courts.

Christopher Wood at Clough Corporate Solutions (CCS), said the haulier was unable to agree a settlement with petitioning creditors GB Oils and Watson Petroleum for debts of more than £61,000, leading the secured lender to appoint him as administrator in March. CCS did not know if unsecured creditors would receive a dividend.

The business and assets of DAS Transport (Cottingham) were sold to its director David Shores in a pre-pack administration in June 2011. The move saved the jobs of its employees, who transferred under TUPE regulations to DAS Transport (Hull).

However, CCS said it is not known if they will be repaid in full after they were made redundant the day Wood was appointed.