Receivers at Currie Line
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by Sally Nash • Currie Line has gone into receivership, leaving a Falkirk haulier owned more than £12,000 and putting some 100 jobs in haulage and warehousing at risk.
Debts of up to .£10m forced the Grangemouthbased company into receivership; its interests range from haulage and warehousing to shipping.
Haulier Andrew Phillips Transport Services had an arrestment order put on the firm in a bid to recover £12,500—but owner Andy Phillips is not hopeful. "I was more than half-way through the court action," he says. "On 6 March I would either have been paid or the court would have wound it up. All my action is now null and void—I hold out no hope whatsoever of getting the money back."
Receiver Arthur Andersen says it is too early to say how much money is owed to hauliers, but is optimistic about finding buyers for the warehousing and haulage operations.
lain Walters, a partner in Arthur Andersen, says: "Both the warehousing and haulage businesses are profitable divisions that have already attracted many expressions of interest from potential purchasers."
The haulage and warehousing businesses employ about 100 full and parttime staff. Last year they contributed some £5m to the group's turnover.
Forthline, a subsidiary of Forth Ports, has taken over Currie's short sea shipping operation.
Currie Line has no connection with Curries Group (Dumfries).